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Question: A random sample of size was drawn from a population of size . The following measurements were obtained:

a. Estimate with an approximate 95% confidence interval.

b. Estimate p, the proportion of population measurements greater than 30, with an approximate 95% confidence interval.

Short Answer

Expert verified
  1. The 95% confidence interval is (32.63, 39.43).

2.The value of p is 0.7, and its 95% confidence interval is.

Step by step solution

01

Given information 

The given data is as follows,

Also, the sample size n=30,

The population size N=300,

02

(a) Calculating the 95% confidence interval

Mean can be obtained using the following formula,

x=1nx1+x2+...+x10

Therefore

x=13021+33+...+42=108130=36.0333

Now, the standard deviation is calculated using the following formula,

s=i=130x-x2n-1

Therefore,

=21-36.03332+33-36.03332+...+42-36.0333230-1=9.8172

Let鈥檚 calculate the value ofnN. If it is greater than 0.05, then the finite population correction factor should be included in the standard error calculation.

nN=30300=0.1

Here,nN=0.1>0.05the finite population correction factor should be included in the standard error calculation.\

The 95% confidence interval is obtained by using the following formula:

x2snN-nN

Therefore,

x2snN-nN=36.033329.817230300-30300=36.03333.40=32.63,39.43

Hence, the required confidence interval is (32.63, 39.43).

03

(b) Estimating the value of p and 95% confidence interval

Let x denotes the number of measurements that are greater than 30. That is

The proportion of measurements that are greater than 30 is

p^=2130=0.7

The 99% confidence interval for p is obtained by using the following formula:

2p^1-nN-nN=0.720.71-0.730300-30300=0.70.159=0.541,0.859

Hence, the required confidence interval is (0.541,0.859).

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