Question: Assume X is distributed Uniform Continuous. You gather a random sample of 30 observations from X and get a sample mean of 9 and sample
Assume X is distributed Uniform Continuous. You gather a random sample of 30 observations from X and get a sample mean of 9 and sample variance of 8. a) Solve for the 98% 2-sided confidence interval for the true mean of X b) Now assume you also knew the Uniform Distribution took a zero probablility for values less than 5. Solve for the 98% 2-sided confidence interval for the true mean of X. c) Do you prefer the confidence interval in a) or b)? Explain briefly
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