Assuming that the population is normally distributed, construct a 90% confidence interval for the population mean, based on the following sample size of n=5. 1, 2, 3, 4, and 23 In the given data, replace the value 23 with 5 and recalculate the confidence interval. Using these results, describe the effect of an outlier (that is, an extreme value) on the confidence interval, in general. Find a 90% confidence interval for the population mean, using the formula or technology. ?≤μ≤? (Round to two decimal places as needed.) In the given data, replace the value 23 with 5. Find a 90% confidence interval for the population mean, using the formula or technology. ?≤μ≤? (Round to two decimal places as needed.) Using the results from the previous two steps, what is the effect of an outlier (that is, an extreme value) on the confidence interval, in general? A. The presence of an outlier in the original data increases the value of the sample mean and greatly inflates the sample standard deviation, widening the confidence interval. B. The presence of an outlier in the original data decreases the value of the sample mean and greatly decreases the sample standard deviation, narrowing the confidence interval. C. The presence of an outlier in the original data decreases the value of the sample mean and greatly inflates the sample standard deviation, widening the confidence interval. D. The presence of an outlier in the original data increases the value of the sample mean and greatly decreases the sample standard deviation, narrowing the confidence interval.
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
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