Question: 1)Suppose you have a random sample from a normal distribution. Using this sample, youve estimated the sample mean to be 7.5. Your sample size is

1)Suppose you have a random sample from a normal distribution. Using this sample,

youve estimated the sample mean to be

7.5. Your sample size is 25, and youve

estimated the sample standard deviation to be 3.

a) Calculate the 90% confidence interval on the estimated sample mean.

b) Calculate the 99% confidence interval. Why is this interval larger?

c) Explain why this confidence interval would shrink if your sample size was 100 (there are two reasons).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!