Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In one study, information was obtained about the useful surface of the dwellings of a set of 350 individuals. Specifically, for the individuals in
In one study, information was obtained about the useful surface of the dwellings of a set of 350 individuals. Specifically, for the individuals in the sample, the average useful area of the dwellings is 127.03 m2, with a standard deviation of 31.242 m2. Assuming that the useful surface of the dwellings is distributed as a normal one, answer the following questions. (A) Obtain a 98 per cent confidence interval for the average useful area of dwellings. Find that same interval but at a confidence level of 95% and 90%. Compare with each other the different intervals obtained. (b) Could the average floor size be considered equal to 130 m2? Use the information from the above confidence intervals and point out what level of significance you would be working with in each case
Step by Step Solution
★★★★★
3.40 Rating (159 Votes )
There are 3 Steps involved in it
Step: 1
A Confidence Intervals for Average Useful Area We know Sample mean x 12703 m Sample standard deviation s 31242 m Sample size n 350 We need confidence ...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