1. Confidence Intervals for the Average Relative Skill of All Teams in the Assigned Team’s Years There is a 95% confidence interval for the average relative skill of all teams in the basketball league during the years of the assigned team. Additionally, you calculated the probability that a given team in the league has a relative skill level less than that of the assigned team, the Bulls. Report the confidence interval in a formatted table as shown below. Table 5. Confidence Interval for Average Relative Skill of Teams in the Bull’s set of years from 1996-1998: Confidence Level (%) Confidence Interval 95% (1733.36, 1746.23) Provide a detailed interpretation of the confidence interval in terms of the average relative skill of teams in the Bull's 1996-1998 years. Discuss how your interval would be different if you had used a different confidence level. How does this confidence interval compare with the previous one, at (1502.02, 1507.18) which was also at 95%? What does this signify in terms of the average relative skill of teams with a confidence interval of (1502.02, 1507.18) versus the average relative skill of teams in the Bull’s range of years with a confidence interval of (1733.36, 1746.23)?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. Confidence Intervals for the Average Relative Skill of All Teams in the Assigned Team’s Years

There is a 95% confidence interval for the average relative skill of all teams in the basketball league during the years of the assigned team. Additionally, you calculated the probability that a given team in the league has a relative skill level less than that of the assigned team, the Bulls.

Report the confidence interval in a formatted table as shown below.

Table 5. Confidence Interval for Average Relative Skill of Teams in the Bull’s set of years from 1996-1998:

Confidence Level (%)

Confidence Interval

95%

(1733.36, 1746.23)

Provide a detailed interpretation of the confidence interval in terms of the average relative skill of teams in the Bull's 1996-1998 years.
Discuss how your interval would be different if you had used a different confidence level.
How does this confidence interval compare with the previous one, at (1502.02, 1507.18) which was also at 95%? What does this signify in terms of the average relative skill of teams with a confidence interval of (1502.02, 1507.18) versus the average relative skill of teams in the Bull’s range of years with a confidence interval of (1733.36, 1746.23)?

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