Assume that = 2.62 is the population mean and = 4.1 is the population standard
Question:
Assume that μ = 2.62 is the population mean and σ = 4.1 is the population standard deviation.
a. Using n = 70 and the normal distribution with the mean and standard deviation above, run the applet one time. How many of the 95% confidence intervals contain the mean? How many would you expect to contain the mean? How many of the 99% confidence intervals contain the mean? How many would you expect to contain the mean?
b. Which confidence level has a greater frequency of intervals that contain the mean? Is this result what you would expect? Explain.
c. Without clearing, run the applet several more times.
What happens to the proportion of 95% confidence intervals that contain the mean as you run the applet more and more? What happens to the proportion of 99% confidence intervals that contain the mean as you run the applet more and more? Interpret these results in terms of the meanings of the 95% confidence interval and the 99% confidence interval.
d. Change the distribution to right skewed, clear, and run the applet several more times. Do you get the same results as in part c? Explain.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9781292227085
13th Global Edition
Authors: Terry Sincich James Mcclave, P. George Benson