Question: The figure below includes the data about Pages Per Minute and Price of 1000 inkjet printers based on the sample of size n = 500

 The figure below includes the data about Pages Per Minute and

The figure below includes the data about Pages Per Minute and Price of 1000 inkjet printers based on the sample of size n = 500 The correlation in the original sample is r = 0.74. Estimate the standard error of sample correlations between Pages Per Minute and Price for samples of 1000 printers. Assuming that the bootstrap correlations can be modeled with a normal distribution, use the results to find and interpret a 95% confidence interval for the correlation between PPM and price of the printers. Left Tail Two- Tail Right Tail samples = 1000 mean = 0.729 80 st dex = 0.104 60 40 20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 0.729 O The standard error is SE = 0.003 . The confidence interval (0.734, 0.746) shows that we are 95% sure that the mean of the data will fall within the interval (0.734, 0.746). O The standard error is SE = 0.104. The confidence interval (0.536, 0.944) shows that we are 95% sure that correlation between PPM and price for all the printers is somewhere between 0.536 and 0.944. O The standard error is SE = 0.003 . The confidence interval (0.723, 0.735) shows that we are 95% sure that the mean correlation will fall within the interval (0.723, 0.735). The standard error is SE = 0.104. The confidence interval (0.558, 0.900) shows that 95% of the data are located in the interval (0.558, 0.900)

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