Answered: Compute the lower bound of an 85%…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

Use the data in the Excel workbook, on the worksheet labeled "Sample," for this question. The first column is just an observation index labeled i to name each observation. The observations are a simple random sample with replacement from a much larger population. The second column contains specific values y of a random variable Y found in some sampled population. The population standard deviation is not known to you, but it is known that Y has a Normal distribution in the sampled population.

Compute the lower bound of an 85% confidence interval for the population mean of the random variable Y.

i	y
1	37
2	40
3	31
4	27
5	23
6	33
7	29
8	26
9	39
10	28
11	34
12	39
13	31
14	34
15	39
16	33
17	31
18	42

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

Expert Solution