A market researcher collects a simple random sample of customers from a population of over a million customers that use a home improvement website. After analyzing the sample, she states that she has 95% confidence that the mean time customers spent on that website per day is between 17 and 54 minutes. Suppose that the population mean time customers spent on that website is 14 minutes a day. Does this value of the population mean help to show that the confidence interval estimate is correct? Explain.
A market researcher collects a simple random sample of customers from a population of over a million customers that use a home improvement website. After analyzing the sample, she states that she has 95% confidence that the mean time customers spent on that website per day is between 17 and 54 minutes. Suppose that the population mean time customers spent on that website is 14 minutes a day. Does this value of the population mean help to show that the confidence interval estimate is correct? Explain.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
A market researcher collects a simple random sample of customers from a population of over a million customers that use a home improvement website. After analyzing the sample, she states that she has 95% confidence that the mean time customers spent on that website per day is between
interval estimate is correct? Explain.
17
and
54
minutes. Suppose that the population mean time customers spent on that website is
14
minutes a day. Does this value of the population mean help to show that the confidence Question content area bottom
Part 1
Choose the correct answer below.
No, because the population mean,
μ,
is not the midpoint of the confidence interval estimate.Yes, because the population mean,
μ
is within 95% of the midpoint of the confidence interval estimate.No,
because the population mean,
μ,
is not
included within the confidence interval estimate.Yes, because the population mean, μ, is relatively close to
the confidence interval estimate.Yes,
because the population mean,
μ,
is
included within the confidence interval estimate.Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
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
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
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
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman