a. Write the 95% confidence interval, assuming the following values (assume normal distribution: z score): Sample
Question:
a. Write the 95% confidence interval, assuming the following values (assume normal distribution: z score):
• Sample size of 100;
• Sample mean of 25;
• Standard deviation of 7.
b. Write the 95% confidence interval, assuming the following values (assume normal distribution: z score):
• Sample size of 150;
• Sample mean of 25;
• Standard deviation of 7.
c. Write the 95% confidence interval assuming the following values (assume normal distribution: z score):
• Sample size of 100;
• Sample mean of 25;
• Standard deviation of 5.
d. Compare the results from (a), (b), and (c). What happened to the confidence interval as the sample size increased? What happened to the confidence interval as the standard deviation decreased?
Step by Step Answer:
Essentials Of Modeling And Analytics Retail Risk Management And Asset Protection
ISBN: 9780367878801
1st Edition
Authors: David B. Speights, Daniel M. Downs, Adi Raz