Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Name: Formative Assessment 6.2 CP Statistics 03.09.2022 The study's confidence level was changed to 80% confidence. The corresponding interval is (26.74, 35.76) minutes for the

image text in transcribed
Name: Formative Assessment 6.2 CP Statistics 03.09.2022 The study's confidence level was changed to 80% confidence. The corresponding interval is (26.74, 35.76) minutes for the sample size n = 40. Answer the following questions. c) Calculate the Critical Value (CV) at 80%? Show your calculation CV at 80% d) Calculate the Margin of Error for the 80% interval. Show your calculation. ME e) What is the problem (or risk) of decreasing the confidence level from 96% to 80%? Problem with lower C.L. f) Using the 80% confidence level, a reporter in a Buffalo newspaper was quoted as the average commute time for employed adults in northwestern NY state is about 30 minutes. Was the reporter correct? Explain Using the confidence interval

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_2

Step: 3

blur-text-image_3

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

Complex Geometry And Dynamics The Abel Symposium 2013

Authors: John Erik Fornaess, Marius Irgens, Erlend Fornaess Wold

1st Edition

3319203371, 9783319203379

More Books

Students also viewed these Mathematics questions