Question: Question 1 What is the difference between a point estimate and an interval estimate of a parameter? Which is better? Why? What is necessary to
Question 1
- What is the difference between a point estimate and an interval estimate of a parameter? Which is better? Why?
- What is necessary to determine sample size?
- What is meant by a statistical test?
- What is meant by the critical region? The non-critical region?
- What is meant by a type I error? A type II error? How are they related?
- What symbols are used to represent the probabilities of type I error and type II error?
- What is meant by p- value?
Question 2
A sample of 1000 children aged 12 to 16 showed that they spend an average of 75 minutes watching Television per day with standard deviation of 16 minutes.
- Construct a 99% confidence interval for the mean time spent by all children aged 12 to 16 watching Television per day. Interpret the confidence intervals.
- Suppose the confidence interval in part (a) is too wide. How you reduce the width of this interval?
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