4. A laptop manufacturing company claims that its top quality laptops are good, on average, for at least 120 months before expiry. A consumer protection agency tested 68 such laptops and found that on average they last 102 months with a standard deviation of 9 months. Construct: (i) 95% confidence interval for the mean. (ii) 99% confidence interval for the mean. (iii) 90% confidence interval for the mean.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
4. A laptop manufacturing company claims that its top quality laptops are good, on average,
for at least 120 months before expiry. A consumer protection agency tested 68 such laptops
and found that on average they last 102 months with a standard deviation of 9 months.
Construct:
(1) 95% confidence interval for the mean.
(ii) 99% confidence interval for the mean.
(iii) 90% confidence interval for the mean.
(iv) Which confidence interval should the agency use for better precision? Why?
Transcribed Image Text:4. A laptop manufacturing company claims that its top quality laptops are good, on average, for at least 120 months before expiry. A consumer protection agency tested 68 such laptops and found that on average they last 102 months with a standard deviation of 9 months. Construct: (1) 95% confidence interval for the mean. (ii) 99% confidence interval for the mean. (iii) 90% confidence interval for the mean. (iv) Which confidence interval should the agency use for better precision? Why?
Expert Solution
steps

Step by step

Solved in 5 steps with 11 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman