Question
Find the appropriate t-distribution value for the following confidence intervals: 1. 90% confidence, n is 24: Answer= 2. 95% confidence, n is 16: Answer =
Find the appropriate t-distribution value for the following confidence intervals:
1. 90% confidence, n is 24: Answer=
2. 95% confidence, n is 16: Answer =
3. 98% confidence, n is 26: Answer =
If the sample size was 14, and the t-value was 1.771, what is the correct confidence interval?
City planners would like to know the average income in Red Deer and would like to conduct a sample to collect this information. The sample data surveyed 256 households which revealed a sample mean of $85,000. The population standard deviation is known to be $13,200.
a) What is the standard error ofthemean?
b) At the 95% confidence level, what is the margin of error?
c) What is the upper limit in the interval?
d) What is the lowerlimitin the interval?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started