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Find a \(90 \%\) one-sided upper confidence bound for the population mean \(\mu\) for these values: a. \(n=40, s^{2}=65, \bar{x}=75\) b. \(n=100, s=2.3, \bar{x}=1.6\)

Short Answer

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b. For a sample with n=100, sample standard deviation s=2.3, and sample mean xÌ…=1.6?

Step by step solution

01

a. Finding the t-score for 90% confidence level and \(n=40\)

To find the t-score in case a, look up the one-sided t-distribution table for a 90% confidence level and 39 degrees of freedom (since \(n-1=40-1=39\)). The t-score is approximately 1.685.
02

b. Finding the t-score for 90% confidence level and \(n=100\)

To find the t-score in case b, look up the one-sided t-distribution table for a 90% confidence level and 99 degrees of freedom (since \(n-1=100-1=99\)). The t-score is approximately 1.660. Next, we will use these t-scores to calculate the margin of error and find the one-sided upper confidence bound for both cases.
03

a. Calculate the margin of error and upper confidence bound for \(\mu\) using \(n=40, s^{2}=65, \bar{x}=75\)

Given the values of \(n\), \(s^{2}\), and \(\bar{x}\), we can plug them and the t-score calculated in the previous step into the formula as follows: Margin of Error = \(t \times \frac{s}{\sqrt{n}} = 1.685 \times \frac{\sqrt{65}}{\sqrt{40}} = 1.685 \times \frac{\sqrt{65}}{6.32} \approx 2.93\) The 90% one-sided upper confidence bound for the population mean, μ, is: \(\bar{x} - \text{Margin of Error} = 75 - 2.93 = 72.07\)
04

b. Calculate the margin of error and upper confidence bound for \(\mu\) using \(n=100, s=2.3, \bar{x}=1.6\)

Given the values of \(n\), \(s\), and \(\bar{x}\), we can plug them and the t-score calculated in the previous step into the formula as follows: Margin of Error = \(t \times \frac{s}{\sqrt{n}} = 1.660 \times \frac{2.3}{\sqrt{100}} = 1.660 \times \frac{2.3}{10} \approx 0.382\) The 90% one-sided upper confidence bound for the population mean, μ, is: \(\bar{x} - \text{Margin of Error} = 1.6 - 0.382 = 1.218\) Finally, we have the 90% one-sided upper confidence bounds for the population means \(\mu\): a. \(72.07\) b. \(1.218\)

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Most popular questions from this chapter

College graduates are getting more for their degrees as starting salaries rise. To compare the starting salaries of college graduates majoring in chemical engineering and computer science, random samples of 50 recent college graduates in each major were selected and the following information obtained. $$\begin{array}{lll}\text { Major } & \text { Mean } & \text { SD } \\\\\hline \text { Chemical engineering } & \$ 53,659 & 2225 \\\\\text { Computer science } & 51,042 & 2375\end{array}$$ a. Find a point estimate for the difference in starting salaries of college students majoring in chemical engineering and computer science. What is the margin of error for your estimate? b. Based upon the results in part a, do you think that there is a significant difference in starting salaries for chemical engineers and computer scientists? Explain.

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