3.Which of the following is TRUE?A. Interval estimates are preferred over point estimates since a confidence level is specified.B. For a specific confidence interval, the larger the sample size, the larger the maximum error of theestimate will be.C. An estimator is consistent if, as the sample size decreases, the value of the estimator approachesthe value of the parameter estimated.D. To determine the sample size needed to estimate a parameter, you only need to specify the level ofconfidence.Scanned with CamScanner

A) The interval estimates is constructed in a way so that, in the long run, a given proportion of…

Answered: 3. Which of the following is TRUE? A.…

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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A doctor wants to estimate the mean HDL cholesterol of all 20- to 29-year-old females. How many subjects are needed to estimate the mean HDL cholesterol within 3 points with 99% confidence assuming s=17.8 based on earlier studies? Suppose the doctor would be content with 99% confidence. How does the decrease in confidence affect the sample size required? a. A 99% confidence level requires _______ subject. b. 90% confidence level requires ________ subject. c.How does the decrease in confidence affect the sample size required? a.Decreasing the confidence level decreases the sample size needed. b.Decreasing the confidence level increases the sample size needed. c.The sample size is the same for all levels of confidence.
The Pizza Shop wanted to determine what proportion of its customers ordered only cheese pizza. Out of 80 customers surveyed, 15 ordered cheese pizza. They want a 99% confidence interval of the true proportion of customers who order only cheese pizza. Which type of confidence interval should we use here? a confidence interval for the mean using a table value from the standard normal distribution. a confidence interval for the mean using a table value from the t distribution. a confidence interval for a proportion using a table value from the standard normal distribution. a confidence interval for proportion using a table value from the t distribution.
A sample of 80 University night school students' ages was obtained in order to estimate the mean age of all night school students. The sample mean was 25.1 years, with a sample variance of 16.2. a. Give the point estimate for µ, the population mean, along with the margin of error. b. Calculate the 99% confidence interval for µ.
An Internet retailer would like to investigate the relationship between the amount of time in minutes a purchaser spends on its Web site and the amount of money he or she spends on an order. The table to the right shows the data from a random sample of 12 customers. Construct a 99% confidence interval for the regression slope. Construct a 99% confidence interval for the slope. LCL = and UCL = (Round to three decimal places as needed.) C Time 20 12 28 22 1 13 Order Size $71 $23 $93 $198 $54 $35 Time 5 37 8 37 25 8 Order Size $57 $360 $122 $161 $72 $248
The finite population correction is most useful for which of the following? a. It adjusts the estimated mean when the sample size is a large fraction of the population size. b. It adjusts the standard error of the mean when the sample size is a small fraction of the population size. c. It adjusts the estimated mean when the sample size is a small fraction of the population size. d. It adjusts the standard error of the mean when the sample size is a large fraction of the population size.
K A university would like to examine the relationship between a faculty member's performance rating (measured on a scale of 1-20) and his or her annual salary increase. The table to the right shows these data for eight randomly selected faculty members. Construct a 90% confidence interval for the regression slope. Construct a 90% confidence interval for the slope. LCL= and UCL= (Round to three decimal places as needed.) Rating Increase Rating Increase 17 $2400 14 $2000 18 8 22 $2600 14 $2700 $1800 16 $2100 $1600 15 $1900
For the data set below, calculate r, r2, and a 95 percent confidence interval in r units. Then write a one- to two sentence conclusion statement that includes whether the null hypothesis was rejected or not and whether there is a strong /weak/no relationship. Assume a two tailed hypothesis and α = .05. Case 1 Case 2 Case 3 Case 4 Case 5 Case 6 X 1.05 1.15 1.30 2.00 1.75 1.00 Y 2 2 3 4 5 2
Abe and Betty want to estimate the mean of a population with known standard deviation o. Abe takes 50 samples whereas Betty takes 80 samples. Which of the following statements are correct? (A) If both Abe and Betty use confidence intervals of the same width, then the confidence level of Abe's interval is smaller than that of Betty's (B) If both Abe and Betty use confidence intervals of the same width, then the confidence level of Abe's interval is larger than of Betty's (C) If Abe and Betty construct confidence intervals with the same confidence level, then the width of Abe's interval is smaller than that of Betty's (D) If Abe and Betty construct confidence intervals with the same confidence level then the width of Abe's interval is larger than that of Betty's (B) and (C). (A) and (D) (B) and (D) (A) and (C)
. Interpret your result from part (a) if the assumptions for regression inferences hold. Choose the correct interpretation below. A. Presuming that the variables age and price for Corvettes satisfy the assumptions for regression inferences, the standard error of the estimate provides an estimate for the common population standard deviation, σ, of ages for all Corvettes of any particular price. B. Presuming that the variables age and price for Corvettes satisfy the assumptions for regression inferences, the standard error of the estimate provides an estimate for the slope, β1, of the population regression equation for ages for all Corvettes of any particular price. C. Presuming that the variables age and price for Corvettes satisfy the assumptions for regression inferences, the standard error of the estimate provides an estimate for the common population standard deviation, σ, of prices for all Corvettes of any particular age. D. Presuming that…
A market surveyor wishes to know how many energy drinks teenagers drink each week. They want to construct a 80% confidence interval with an error of no more than 0.07 . A consultant has informed them that a previous study found the mean to be 3.6 energy drinks per week and found the variance to be 1.44 . What is the minimum sample size required to create the specified confidence interval? Round your answer up to the next integer.
Can you help me with this question?
The following questions are concerned with confidence interval estimation of one population mean. (true or false) a. The margin of error can be determined if one knows only the length of the confidence interval b. The confidence interval can be obtained if one knows the margin of error and the sample mean c. The sample mean can be determined if one knows the endpoints of the confidence interval

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