Question: You are given the sample mean and the population standard deviation. Use this information to construct the90% and95% confidence intervals for the population mean. Interpret
You are given the sample mean and the population standard deviation. Use this information to construct the90% and95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. Ifconvenient, use technology to construct the confidence intervals.
A random sample of 45 home theater systems has a mean price of $121.00. Assume the population standard deviation is $17.80.
Construct a90% confidence interval for the population mean.
The90% confidence interval is (
nothing
,
nothing
).
(Round to two decimal places asneeded.)
Construct a95% confidence interval for the population mean.
The95% confidence interval is (
nothing
,
nothing
).
(Round to two decimal places asneeded.)
Interpret the results. Choose the correct answer below.
A.
With90% confidence, it can be said that the population mean price lies in the first interval. With95% confidence, it can be said that the population mean price lies in the second interval. The95% confidence interval is wider than the90%.
B.
With90% confidence, it can be said that the population mean price lies in the first interval. With95% confidence, it can be said that the population mean price lies in the second interval. The95% confidence interval is narrower than the90%.
C.
With90% confidence, it can be said that the sample mean price lies in the first interval. With95% confidence, it can be said that the sample mean price lies in the second interval. The95% confidence interval is wider than the90%.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
