Question
Explore the dance of the confidence intervals by generating 95% confidence interval estimates for the population mean fare for each of 2,000 randomly generated samples
Explore the dance of the confidence intervals by generating 95% confidence interval estimates for the population mean fare for each of 2,000 randomly generated samples of sizes = 30 and 100 of passengers of the Titanic. What percentage of the intervals cover the point estimate of the associated mean? If the coverage reliability is not approximately 95%, what do you think is wrong?
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Introduction To Probability And Statistics
Authors: William Mendenhall, Robert Beaver, Barbara Beaver
14th Edition
1133103758, 978-1133103752
