/*! 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} Q95E Refer to Exercise 6.94. For each... [FREE SOLUTION] | 91影视

91影视

Refer to Exercise 6.94. For each part, a鈥揹, form a 90% confidence interval for

Short Answer

Expert verified

a.For 50 degrees of freedom, the 90% confidence interval for is 2.1486,3.0043.

b.For 15 degrees of freedom, the 90% confidence interval for is 0.0155,0.0292.

c.For 22 degrees of freedom, the 90% confidence interval for is 25.3348,42.5334.

d. For 5 degrees of freedom, the 90% confidence interval for is 0.9740,3.5585.

Step by step solution

01

Given information

For each part, values of the sample mean x, sample standard deviation (s) and degrees of freedom (n) are given.

02

(a) Calculating the 90% confidence interval for 50 degrees of freedom

Given x=21,s=2.5,n=50

The 90% confidence interval can be calculated using the formula,

(n-1)s222(n-1)s2(1-2)2

From the table values, at the 0.10 level of significance and at 49 degrees of freedom, the value for 22is 66.3387, and the value for 1-22is 33.9303.

Substitute the values to get the required confidence interval.

50-12.5266.338750-12.5233.9303=4.61659.0259=2.14863.0043

Therefore, the 90% confidence interval for is 2.1486,3.0043.

03

(b) Calculating the 90% confidence interval for 15 degrees of freedom

Given x=1.3,s=0.02,n=15

The 90% confidence interval can be calculated using the formula,

(n-1)s222(n-1)s2(1-2)2

From the table values, at the 0.10 level of significance and at 14 degrees of freedom, the value for 22is 23.6848, and the value for 1-22is 6.5706.

Substitute the values to get the required confidence interval.

15-10.02223.684814-10.0226.5706=0.000240.00085=0.01550.0292

Therefore, the 90% confidence interval for is0.0155,0.0292.

04

(c) Calculating the 90% confidence interval for 22 degrees of freedom

Givenx=167,s=31.6,n=22

The 90% confidence interval can be calculated using the formula,

role="math" localid="1668660233980" n-1s222n-1s21-22

From the table values, at the 0.10 level of significance and at 21 degrees of freedom, the value for 22is 32.6706, and the value for 1-22is 11.5913.

Substitute the values to get the required confidence interval.

22-131.6232.670622-131.6211.5913=641.851809.09=25.334842.5334

Therefore, the 90% confidence interval for is 25.3348,42.5334.

05

(d) Calculating the 90% confidence interval for 5 degrees of freedom

Givenx=9.4,s=1.5,n=5

The 90% confidence interval can be calculated using the formula,

(n-1)s222(n-1)s2(1-2)2

From the table values, at the 0.10 level of significance and at 4 degrees of freedom, the value for22 is 9.4877, and the value for 1-22is 0.7107.

Substitute the values to get the required confidence interval.

5-11.529.48775-11.520.7107=0.948612.6632=0.97403.5585

Therefore, the 90% confidence interval for is 0.9740,3.5585.

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

Corporate sustainability of CPA firms. Refer to the Business and Society (March 2011) study on the sustainability behaviors of CPA corporations, Exercise 2.23 (p. 83). Recall that the level of support for corporate sustainability (measured on a quantitative scale ranging from 0 to 160 points) was obtained for each of 992 senior managers at CPA firms. The accompanying Minitab printout gives the mean and standard deviation for the level of support variable. It can be shown that level of support is approximately normally distributed.

a. Find the probability that the level of support for corporate sustainability of a randomly selected senior manager is less than 40 points.

b. Find the probability that the level of support for corporate sustainability of a randomly selected senior manager is between 40 and 120 points.

c. Find the probability that the level of support for corporate sustainability of a randomly selected senior manager is greater than 120 points.

d. One-fourth of the 992 senior managers indicated a level of support for corporate sustainability below what value?

Descriptive Statistics: Support

Variables

N

Mean

StDev

Variance

Minimum

Maximum

Range

Support

992

67.755

26.871

722.036

0.000

155.000

155.000

Ages of self-employed immigrants. Is self-employment for immigrant workers a faster route to economic advancement in the country? This was one of the questions studied in research published in the International Journal of Manpower (Vol. 32, 2011). One aspect of the study involved comparing the ages of self-employed and wage-earning immigrants. The researcher found that in Sweden, native wage earners tend to be younger than self-employed natives. However, immigrant wage earners tend to be older than self-employed immigrants. This inference was based on the table's summary statistics for male Swedish immigrants.

Self-employed immigrants

Wage-earning immigrants

Sample Size

870

84,875

Mean

44.88

46.79

Source: Based on L. Andersson, "Occupational Choice and Returns to Self-Employment Among Immigrants," International Journal of Manpower, Vol. 32, No. 8, 2011 (Table I).

a. Based on the information given, why is it impossible to provide a measure of reliability for the inference "Self-employed immigrants are younger, on average, than wage-earning immigrants in Sweden"?

b. What information do you need to measure reliability for the inference, part a?

c. Give a value of the test statistic that would conclude that the true mean age of self-employed immigrants is less than the true mean age of wage-earning immigrants if you are willing to risk a Type I error rate of .01.

d. Assume that s, the standard deviation of the ages is the same for both self-employed and wage-earning immigrants. Give an estimate of s that would lead you to conclude that the true mean age of self-employed immigrants is less than the true mean age of wage-earning immigrants using 伪=0.01 .

e. Is the true value of s likely to be larger or smaller than the one you calculated in part d?

Assume that 12=蟽22=蟽2. Calculate the pooled estimator 2 for each of the following cases:

a.s12=120,s22=100,n1=n2=25

b.s12=12,s22=20,n1=20,n2=10

c.s12=.15,s22=.20,n1=6,n2=10

d.s12=3000,s22=2500,n1=16,n2=17

Note that the pooled estimate is a weighted average of the sample variances. To which of the variances does the pooled estimate fall nearer in each of the above cases?

Bankruptcy effect on U.S. airfares. Both Delta Airlines and USAir filed for bankruptcy. A study of the impact of bankruptcy on the fares charged by U.S. airlines was published in Research in Applied Economics (Vol. 2, 2010). The researchers collected data on Orlando-bound airfares for three airlines鈥擲outhwest (a stable airline), Delta (just entering bankruptcy at the time), and USAir (emerging from bankruptcy). A large sample of nonrefundable ticket prices was obtained for each airline following USAir鈥檚 emergence from bankruptcy, and then a 95% confidence interval for the true mean airfare was obtained for each. The results for 7-day advance bookings are shown in the accompanying table.

a. What confidence coefficient was used to generate the confidence intervals?

b. Give a practical interpretation of each of the 95% confidence intervals. Use the phrase 鈥95% confident鈥 in your answer.

c. When you say you are 鈥95% confident,鈥 what do you mean?

d. If you want to reduce the width of each confidence interval, should you use a smaller or larger confidence coefficient?

A random sample of n observations is selected from a normal population to test the null hypothesis that 2=25. Specify the rejection region for each of the following combinations of Ha,and n.

a.Ha:225;=0.5;n=16

b.Ha:2>25;=.10;n=15

c.Ha:2>25;=.01;n=23

d. Ha:2<25;=.01;n=13

e. Ha:225;=.10;n=7

f. Ha:2<25;=.05;n=25

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.