The EPA has set a maximum noise level for heavy trucks at 83 decibels (dB). The...
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The EPA has set a maximum noise level for heavy trucks at 83 decibels (dB). The manner in which this limit is applied will greatly affect the trucking industry and the public. One way to apply the limit is to require all trucks to conform to the noise limit. A second but less satisfactory method is to require the truck fleet's mean noise level to be less than the limit. If the latter rule is adopted, variation in the noise level from truck to truck becomes important because a large value of o² would imply that many trucks exceed the limit, even if the mean fleet level were 83 dB. A random sample of six heavy trucks produced the following noise levels (in decibels). 85.2 86.9 86.1 85.4 84.6 86.1 Use these data to construct a 90% confidence interval for o², the variance of the truck noise emission readings. (Round your answers to three decimal places.) I Interpret your results. There is a 10% chance the true value of o² lies within this interval. We are 90% confident the true value of o² lies within this interval. We are 10% confident the true value of o² lies within this interval. There is a 10% chance the true value of o² lies outside this interval. There is a 90% chance the true value of o² lies within this interval. The EPA has set a maximum noise level for heavy trucks at 83 decibels (dB). The manner in which this limit is applied will greatly affect the trucking industry and the public. One way to apply the limit is to require all trucks to conform to the noise limit. A second but less satisfactory method is to require the truck fleet's mean noise level to be less than the limit. If the latter rule is adopted, variation in the noise level from truck to truck becomes important because a large value of o² would imply that many trucks exceed the limit, even if the mean fleet level were 83 dB. A random sample of six heavy trucks produced the following noise levels (in decibels). 85.2 86.9 86.1 85.4 84.6 86.1 Use these data to construct a 90% confidence interval for o², the variance of the truck noise emission readings. (Round your answers to three decimal places.) I Interpret your results. There is a 10% chance the true value of o² lies within this interval. We are 90% confident the true value of o² lies within this interval. We are 10% confident the true value of o² lies within this interval. There is a 10% chance the true value of o² lies outside this interval. There is a 90% chance the true value of o² lies within this interval.
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We have for given data Sample variance 06617 Sample standard de... View the full answer
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Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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