A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that o is $2.38. Construct the 90% and99% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.18.3716.8519.4921.4218.7821.52The 90% confidence interval is ($.$).(Round to two decimal places as needed.)17.4215.5121.3515.3218.0917.3615.4220.4615.9820.53

The formula of confidence interval for population mean is,where, denotes the sample means denotes…

Answered: A random sample of the closing stock…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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In a survey of 2295 adults, 746 say they believe in UFOs. Construct a 90% confidence interval for the population proportion of adults who believe in UFOs. A 90% confidence interval for the population proportion is (nothing,nothing). (Round to three decimal places as needed.) Interpret your results. Choose the correct answer below. A. With 90% confidence, it can be said that the sample proportion of adults who believe in UFOs is between the endpoints of the given confidence interval. B. The endpoints of the given confidence interval shows that 90% of adults believe in UFOs. C. With 90% confidence, it can be said that the population proportion of adults who believe in UFOs is between the endpoints of the given confidence interval. D. With 90% probability, the population proportion of adults who do not believe in UFOs is between the endpoints of the given confidence interval.
You are interested in finding a 95% confidence interval for the average commute that non- residential students have to their college. The data below show the number of commute miles for 14 randomly selected non-residential college students. Round answers to 3 decímal places where possible. 24 7 5 15 23 7 13 15 27 16 12 16 19 21 a. To compute the confidence interval use a ? distribution. b. With 95% confidence the population mean commute for non-residential college students is between and miles. c. If many groups of 14 randomly selected non-residential college students are surveyed, then a different confidence interval would be produced from each group. About these confidence intervals will contain the true population mean number of commute miles and about percent of percent will not contain the true population mean number of commute miles.
Please answer within 30min thanks. n = 29 for the 90% confidence interval for the mean.
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. From a random sample of 41 business days, the mean closing price of a certain stock was $124.74 Assume the population standard deviation is $10.58 The 90% confidence interval is (,). (Round to two decimal places as needed.)
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. From a random sample of 31 business days, the mean closing price of a certain stock was $110.20. Assume the population standard deviation is $11.44. The 90% confidence interval is (). (Round to two decimal places as needed.) ...
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You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. 10. A random sample of 40 home theater systems has a mean price of $126.00. Assume the population standard deviation is $16.70. Construct a 90% confidence interval for the population mean. The 90% confidence interval is (nothing,nothing)
Researchers studied the mean egg length (in millimeters) for a bird population. After taking a random sample of eggs, they obtained a 95% confidence interval of (45,60). What is the value of the margin of error? Choose the correct answer below. A. 15 mm B. 52.5 mm O c. 7.5 mm O D. 1.96
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals a random sample of 49 business days, the mean closing price of a certain stock was $114.41 Assume the population standard deviation is $11.35

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