Question: Please help me with the explanation part.Question 3,5,10,12. G H K M N P 1 Are you completing a confidence interval to estimate a population

Please help me with the explanation part.Question 3,5,10,12.

Please help me with the explanation part.Question 3,5,10,12. G H K M

G H K M N P 1 Are you completing a confidence interval to estimate a population mean or population proportion? Population mean 1 pt 2 Will your confidence interval be created based on the assumption of a Z or T distribution? Z Distribution 2 ptic 3 In the textbox below, explain why you choose Z or T: 3 pts Populaton mean are normally distributed. Here, we know the population mean and standard deviation of our sample mean. 4 What level of confidence are you using to create your interval? (choose from the list below) 95% 5 What would be the impact of choosing a higher or lower level of confidel 3 pts As sample size increase the confidence interval become more narrow. The narrower interval will give us more precise estimte. 6 In the box below use an EXCEL formula and your data from column A to compute your POINT ESTIMATE: 1.895 2 pts 7 In the box below use an EXCEL formula and your confidence interval choice from above to compute the positive CRITICAL VALUE for your analysis: 1.959963985 2 pts 8 In the box below use an EXCEL formula and results from your data in column A to compute the STANDARD ERROR of your data: 0.107833274 2 pts 9 Given the results above, what is the MARGIN OF ERROR for your Confidence Interval? 0.211349334 2 pts 10 In the textbox below, explain what the Margin of Error means in terms of this analysis. Explain this clearly so someone with limited knowledge of Statistics 11 Given the results above, what is are the LOWER and UPPER Limits of your Confidence Interval? 1.683650666 Lower Limit 2 pt 2.106349334 Upper Limit 2 pt C 12 In the textbox below, explain the Confidence Interval means in terms ofthis analysis. Explain this clearly so someone with limited knowledge of Statistics w

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!