Chapter 8: Problem 9
How will you interpret a \(99 \%\) confidence interval for \(\mu ?\) Explain.
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Chapter 8: Problem 9
How will you interpret a \(99 \%\) confidence interval for \(\mu ?\) Explain.
These are the key concepts you need to understand to accurately answer the question.
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a. How large a sample should be selected so that the margin of error of estimate for a \(98 \%\) confidence interval for \(p\) is \(.045\) when the value of the sample proportion obtained from a preliminary sample is .53? b. Find the most conservative sample size that will produce the margin of error for a \(98 \%\) confidence interval for \(p\) equal to \(.045\).
Determine the most conservative sample size for the estimation of the population proportion for the following. a. \(E=.025\), confidence level \(=95 \%\) b. \(E=.05, \quad\) confidence level \(=90 \%\) c. \(E=.015\), confidence level \(=99 \%\)
The standard deviation for a population is \(\sigma=7.14\). A random sample selected from this population gave a mean equal to \(48.52\). a. Make a \(95 \%\) confidence interval for \(\mu\) assuming \(n=196\). b. Construct a \(95 \%\) confidence interval for \(\mu\) assuming \(n=100\). c. Determine a \(95 \%\) confidence interval for \(\mu\) assuming \(n=49\). d. Does the width of the confidence intervals constructed in parts a through c increase as the sample size decreases? Explain.
At Farmer's Dairy, a machine is set to fill 32 -ounce milk cartons. However, this machine does not put exactly 32 ounces of milk into each carton; the amount varies slightly from carton to carton. It is known that when the machine is working properly, the mean net weight of these cartons is 32 ounces. The standard deviation of the amounts of milk in all such cartons is always equal to \(.15\) ounce. The quality control department takes a random sample of 25 such cartons every week, calculates the mean net weight of these cartons, and makes a \(99 \%\) confidence interval for the population mean. If either the upper limit of this confidence interval is greater than \(32.15\) ounces or the lower limit of this confidence interval is less than \(31.85\) ounces, the machine is stopped and adjusted. A recent sample of 25 such cartons produced a mean net weight of \(31.94\) ounces. Based on this sample, will you conclude that the machine needs an adjustment? Assume that the amounts of milk put in all such cartons have an approximate normal distribution.
An insurance company selected a random sample of 50 auto claims filed with it and investigated those claims carefully. The company found that \(12 \%\) of those claims were fraudulent. a. What is the point estimate of the percentage of all auto claims filed with this company that are fraudulent? b. Make a \(99 \%\) confidence interval for the percentage of all auto claims filed with this company that are fraudulent.
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