Question
Randomly select 36 numbers between 20 to 50 using the Excel command =RANDBETWEEN(...). Assume that these numbers (n = 30) represent a sample X from
Randomly select 36 numbers between 20 to 50 using the Excel command =RANDBETWEEN(...).
Assume that these numbers (n = 30) represent a sample X from a population of unknown shape.
(1) Report the following about X: Data, Mean, St. Deviation, Proportion of Odd numerical values, Degrees of Freedom, St. Error, and the Excel default histogram.
(2) Using the "t" Distribution, calculate the 98% Confidence Interval about the Mean of Population.
(3) Using the "Z" Distribution, calculate the 98% Confidence Interval about the Mean of Population.
(4) Using the "t" Distribution, with 98% Confidence about the Mean, what sample size n will drive
the Margin of Error (E) down to E = 0.005?
(5) Using the "Z" Distribution, with 98% Confidence about the Mean, what sample size n will drive
the Margin of Error (E) down to E = 0.005?
(6) Using the "Z" Distribution, calculate the 98% Confidence Interval about the Proportion of Odd
numerical values in the Population.
(7) Using the "Z" Distribution, with 98% Confidence about the above Proportion, what sample size n
will drive the Margin of Error (E) down to E = 0.005?
(8) Using the Chi-squared (2) distribution, calculate the 98% Confidence Interval about both the
Variance and St. Deviation of the population.
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