Question
Need help with the calculation and formula. A survey of 144 retail stores revealed that the average price of a DVD was $375 with a
Need help with the calculation and formula.
A survey of 144 retail stores revealed that the average price of a DVD was $375 with a standard error of $20.
If 90% and 95% confidence intervals were developed to estimate the true cost of the DVD, what similarities do they have?
a. Both require point estimates of the true cost.
b. Both use z statistics.
c. Both require standard errors of the true cost.
d. All are true.
A survey of an urban university (population of 25,450) showed that 750 of 1100 students sampled attended a home football game during the season. What inferences can be made about student attendance at football games?
Using the 99% level of confidence, what is the confidence interval?
a. [0.767, 0.814]
b. [0.0.6550, 0.7050]
c. [0.6659, 0.6941]
d. [0.0.6795, 0.6805]
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