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65. Critical value What critical valuet*from Table Bwould you use for a 99%confidence interval for the population mean based on an SRS of size 58? If possible, use technology to find a more accurate value of t*. What advantage does the more accurate dfprovide?

Short Answer

Expert verified

The critical value is 2.678, then the critical value with technology is 2.665, with the advantage of being more exact because 99%of the confidence interval includes the population mean.

Step by step solution

01

Given information

To determine the critical valuet*from Table Bwith 99%confidence interval for the population mean.

02

Explanation

The sample size was reduced by 1degree of freedom.

Where, sample size n is58.
df=n-1=58-1=57
Because there is no row withdf=57in table B,use the row with the smallest degrees of freedom that is closest todf=57:
df=50
Table Bcontains the critical value t*in the row with df=50and the column with(1-c)/2=0.005:
t*=2.678

03

Explanation

A less accurate degrees of freedom will lead to significant in the confidence interval being more than 99%confident of containing the true population mean as the critical value is larger. Using technology ( sample like Student's t-Distribution calculator) withdf=57and 2P(X>x)=0.01, then users receive x=2.665, and therefore the more accurate critical value is t*=2.665.
The benefit of more accurate degrees of freedom is that the confidence interval will be more accurate as well, so the 99%confidence interval will be 99%confident of containing the true population mean of an SRS of size 58.

Therefore, 99%of the confidence interval contains the true population mean.

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