Answered step by step
Verified Expert Solution
Question
1 Approved Answer
True or False: When we allow for the confidence interval to contain points both greater than and less than the point estimate, we call the
True or False: When we allow for the confidence interval to contain points both greater than and less than the point estimate, we call the confidence interval two- sided. O True O False O More information is needed O True, but only if the sample size is sufficient to apply the CLTSuppose you conduct a sample with n=15 where the sample mean is 15 and the standard deviation is 4. Why can't you construct a 94% confidence interval? The sample size is too small O The underlying distribution is not normal O We can't use a 94% level with the tables that we have We can indeed construct such an interval, the premise of the question is wrong O None of the aboveQuestion 7 1 pts If we want to allow for the possibility that our point estimate may be both greater than or less than the population parameter we should construct a(n) confidence interval. O one-sided O two-sided O one-sided, but only if we believe there is unidirectional bias O two-sided, but only after increasing the sample size O We can't do much of anything if we think the point estimate may be both greater than, or less than, the population parameterAll of our confidence intervals can be thought of as having the following form: point estimate+some quantity the "some quantity" depends on our sample size, our desired confidence level and the level of O precision O dispersion O central tendency O skew O none of the above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started