What is the confidence level of each of the following confidence intervals μ?

  1. χ¯±1.96σn
  2. χ¯±1.645σn
  3. χ¯±2,575σn
  4. χ¯±1.282σn
  5. χ¯±.99σn

Short Answer

Expert verified

The proportion of probability, as well as assurance, that the confidence level will include the actual population variable when a randomized sample is drawn numerous times is referred to as the level of confidence.

Step by step solution

01

Step-by-Step Solution Step 1: (a) The data is given below

The formula to calculate the level of confidence, the confidence interval for the mean is:

X¯±z1=α/2σn

We will calculate the level of confidence for each provided confidence interval using the score of the multiplied or the important test statistic.

The calculation is given below:

z1=α/2=1.961-α/2=0.975α=0.05

Therefore,

1-α×100%=95%

Hence, the level of confidence is 95%

02

(b) The data is given below

z1=α/2=1.6451-α/2=0.95α=10

Therefore,

1-α×100%=90%

Hence, the level of confidence is 90%

03

(c) The data is given below

z1=α/2=2.5751-α/2=0.995α=0.01

Therefore,

1-α×100%=99%

Hence, the level of confidence is 99%

Step 3: (d) The data is given below

Here, test stastticsZcr=1.282Confidence level=80%

Hence, the level of confidence is 80%

Step 3: (e) The data is given below

z1=α/2=0.991-α/2=0.839α=0.322

Therefore,

1-α×100%=67.8%

Hence, the level of confidence is 67.8%

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Aluminium cans contaminated by fire. A gigantic warehouselocated in Tampa, Florida, stores approximately 60million empty aluminium beer and soda cans. Recently, a fireoccurred at the warehouse. The smoke from the fire contaminatedmany of the cans with blackspot, rendering them unusable.

A University of South Florida statistician was hiredby the insurance company to estimate p,the true proportionof cans in the warehouse that were contaminated by the fire. How many aluminium cans should be randomly sampled toestimate pto within .02 with 90% confidence?

Use Table III, Appendix D to determine thet0 values foreach of the following probability statements and their respectivedegrees of freedom (df ).

a.Ptt0=.25withdf=15

b.Ptt0=.1withdf=8

c.P-t0tt0=.01withdf=19

d.P-t0tt0=.05withdf=24

Salmonella poisoning from eating an ice cream bar(cont’d). Refer to Exercise 6.132. Suppose it is now 1 yearafter the outbreak of food poisoning was traced to icecream bars. The manufacturer wishes to estimate the proportionwho still will not purchase bars to within .02 usinga 95% confidence interval. How many consumers should be sampled?

It costs you \(10 to draw a sample of size n = 1 and measure the attribute of interest. You have a budget of \)1,500.

a. Do you have sufficient funds to estimate the population mean for the attribute of interest with a 95% confidence interval 5 units in width? Assumeσ=14.

b. If you used a 90% confidence level, would your answer to part a change? Explain.

College dropout study. Refer to the American Economic Review (December 2008) study of college dropouts, Exercise 2.79 (p. 111). Recall that one factor thought to influence the college dropout decision was expected GPA for a student who studied 3 hours per day. In a representative sample of 307 college students who studied 3 hours per day, the mean GPA wasx¯=3.11 and the standard deviation was s=0.66. Of interest is, the true mean GPA of all college students who study 3 hours per day.

a. Give a point estimate for μ.

b. Give an interval estimate for μ. Use a confidence coefficient of .98.

c. Comment on the validity of the following statement: “98% of the time, the true mean GPA will fall in the interval computed in part b.”

d. It is unlikely that the GPA values for college students who study 3 hours per day are normally distributed. In fact, it is likely that the GPA distribution is highly skewed. If so, what impact, if any, does this have on the validity of inferences derived from the confidence interval?

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free