Question: please help It has been found that candidates for an MBA program have undergraduate grade point averages that are normally distributed with standard deviation .45.

please help

please help It has been found that candidates for an MBA program

It has been found that candidates for an MBA program have undergraduate grade point averages that are normally distributed with standard deviation .45. A random sample of 25 applicants is taken, yielding a sample mean GPA of 2.90. (a) Find a 95% confidence interval for the population mean GPA. (b) Without doing the calculations, state whether a 90% confidence interval for the population mean would be wider or narrower than that in part (a). (c) If we decide to calculate a 95% confidence interval based on a random sample of 20 applicants, would that interval be wider or narrower than the one found in part (a)? (d) In fact, the population standard deviation is . 15. State whether a correctly calculated 95% confidence interval would be wider or narrower than that in part (a)

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!