/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} 13E College dropout study. Refer to ... [FREE SOLUTION] | 91影视

91影视

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 .

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

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

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?

Short Answer

Expert verified
  1. The point estimate foris 3.11.
  2. Therefore, the 98% confidence interval foris 3.0222,3.1978.
  3. Given statement is incorrect. Thecorrect statement is 鈥淔or 98% confidence, the true mean GPA lies between 3.0222 and 3.1978.鈥
  4. It is not necessary to check whether the distribution of GPA is skewed or not skewed.

Step by step solution

01

Given information

Let X is a GPA for a student who studied 3 hours per day.

Sample size n=307.

Mean x=3.11, and

the standard deviation s=0.66.

02

Calculating point estimate of μ

Since,

The sample mean(x) is a single number estimator, which is the point estimator of the target parameter ().

Therefore,

The point estimate for is 3.11.

03

Calculating confidence interval of  μ

For the 98% confidence interval, the level of significance is 0.02.

1=0.98=0.022=0.01

From table, the value ofz2 is given below:

z2=z0.01=2.33

Let, the confidence interval as,

xz2x=xz2sn=3.112.330.66307=3.110.0878

That is 3.110.0878,3.11+0.0878=3.0222,3.1978

Therefore, the 98% confidence interval for is 3.0222,3.1978.

04

Commenting on the given statement

The statement 鈥98% of the time, the true mean GPA will fall in the interval computed in part b.鈥 is incorrect, because there is no probability concerned in the interval after the computation of the confidence interval. Thus, the correct statement is 鈥渇or 98% confidence, the true mean GPA lies between 3.0222 and 3.1978鈥.

05

Commenting on the given statement 

Here, the central limit theorem is applied since the sample size is 307(>30). Thus, it is not necessary to check whether the distribution of GPA is skewed or not skewed.

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 91影视!

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

Question: A random sample of n measurements was selected from a population with unknown meanand known standard deviation2. Calculate a 95% confidence interval forfor each of the following situations:

a. n = 75, X = 28,2= 12

b. n = 200, X= 102, 2= 22

c. n = 100, X= 15,2=.3

d. n = 100, X= 4.05, 2= .83

e. Is the assumption that the underlying population of measurements is normally distributed necessary to ensure the validity of the confidence intervals in parts a鈥揹? Explain.

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? Assume=14.

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

A random sample of 70 observations from a normally distributed population possesses a sample mean equal to 26.2 and a sample standard deviation equal to 4.1.

a. Find an approximate 95% confidence interval for

b. What do you mean when you say that a confidence coefficient is .95?

c. Find an approximate 99% confidence interval for

d. What happens to the width of a confidence interval as the value of the confidence coefficient is increased while the sample size is held fixed?

e. Would your confidence intervals of parts a and c be valid if the distribution of the original population was not normal? Explain

A random sample of 50 consumers taste-tested a new snack food. Their responses were coded (0: do not like; 1: like; 2: indifferent) and recorded as follows:

a. Use an 80% confidence interval to estimate the proportion of consumers who like the snack food.

b. Provide a statistical interpretation for the confidence interval you constructed in part a.

Explain the difference between an interval estimator and a point estimator for

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.