Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

students are enrolled in an Economics class. After the first examination, a random sample of 5 papers was selected. The grades were 62, 73, 85,

students are enrolled in an Economics class. After the first examination, a random sample of 5 papers was selected. The grades were 62, 73, 85, 71, and 92.

a.

Calculate the estimate of the standard error of the mean.

b.

What assumption must be made before we can determine an interval for the mean grade of all the students in the class? Explain why.

c.

Assume the assumption of Part b is met. Provide a 90% confidence interval for the mean grade of all the students in the class.

d.

If there were 200 students in the class, what would be the 90% confidence interval for the mean grade of all the students in the class?

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

Essentials Of Measure Theory

Authors: Carlos S Kubrusly

1st Edition

3319225065, 9783319225067

More Books

Students also viewed these Mathematics questions