Question: 12.45.* You form a 95% confidence interval in five different situations, with independent samples. (a) Find the probability that (i) all five intervals contain the

12.45.* You form a 95% confidence interval in five different situations, with independent samples.

(a) Find the probability that (i) all five intervals contain the parameters they are designed to estimate, (ii) at least one interval is in error. (Hint: Use the binomial distribution.)

(b) If you use confidence level 0.9898 for each interval, the probability that all five intervals contain the parameters equals exactly 0.95. Explain why. (Hint: What is

(0.9898)5?) Compare 0.9898 to the confidence coefficient for each interval in the Bonferroni method.

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 Statistical Sampling To Auditing Questions!