Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Interval estimate when population standard deviation is known In a sample of n = 16, the mean is x = 80 kilograms. Also, you somehow

image text in transcribed
Interval estimate when population standard deviation is known In a sample of n = 16, the mean is x = 80 kilograms. Also, you somehow know population standard deviation, o = 14. Give an estimate of the population mean at a 90% confidence level. (a) Obtain the standard error of the sample mean, SEM. The population is practically infinite, so you do not need the finite population correction factor. (b) From your confidence level, find the probability of committing a false positive, a. (c) Use quantile function ("=norminv()" in Excel) to find the z score that produces the CDF of a/2 and the z score that produces the CDF of 1 - a/2. Illustrate what you found with a sketch of the bell curve. Specifically, show the area containing your confidence level and the areas that contain a. Also indicate the z scores that are the boundaries of your confidence interval. (d) Convert the z scores from (c) to kilograms and state your final estimate of the population mean

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Differential Equations With Boundary-Value Problems

Authors: Dennis G Zill, Brad Strong, Michael Cullen

7th Edition

1111798524, 9781111798529

More Books

Students also viewed these Mathematics questions

Question

21. Is segment information prepared according to GAAP? Explain.

Answered: 1 week ago

Question

4. What means will you use to achieve these values?

Answered: 1 week ago