Question: This exercise presents a confidence interval for the population median that requires no assumption about the population distribution other than it is essentially continuous. (a)

This exercise presents a confidence interval for the population median that requires no assumption about the population distribution other than it is essentially continuous.

(a) Explain why for a random sample of size n the sample proportion πˆ falling below themedian has expected value 0.50 and standard error σπˆ = 0.50/

n, and so the probability is about 0.95 that the number of observations falling below (above) the median is within n(1/

n) =

n of half the sample.

(b) For the ordered sample of size n, explain why a 95%

confidence interval for the median goes from the observation that has the index (n + 1)/2 −

n to the observation with the index (n + 1)/2 +

n. For Example 5.9 on median shelf life in a library, show that this interval is 11 to 19 years.

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!