Exercise 4: Confidence Intervals for the Population Means using z-values A manufacturer of widgets expects that each widget will be 11 inches long (u = 11 inches). The population standard deviation (o) is thought to be 0.02 inch. The Sample Mean, X, is 10.998 inches. The sample size is 100. Inputs $ Sample Mean (X) Presumed Population Standard Deviation, o Sample size (n) 10.998 0.02 inch 100 1. What is the point estimate for the population mean, µ? 2. What is the appropriate z-value to use when constructing a confidence interval at a 95% and 99% confidence levels? Use the z-value table and Microsoft Excel. Assignment03 Page 3 of 5 Assignment 3: Chapter 9, 10, 11 & 12 Confidence z-Value z-Value Level (Table) (Excel) Excel Formula 95% (0.90) =ABS(NORM.S.INV(0.025)) =ABS(NORM.S.INV(0.005)) 99% 3. Using a z-values calculate the confidence interval using at a 95% and 99% confidence levels. Do this by hand and use Excel's CONFIDENCE.NORM function. Report the Margin of Error, Lower Confidence Limit, and Upper Confidence Limit. Paste your work from Excel using Word's Paste Special function. X+z= Vn 4. What does these confidence intervals you constructed tell you?
Exercise 4: Confidence Intervals for the Population Means using z-values A manufacturer of widgets expects that each widget will be 11 inches long (u = 11 inches). The population standard deviation (o) is thought to be 0.02 inch. The Sample Mean, X, is 10.998 inches. The sample size is 100. Inputs $ Sample Mean (X) Presumed Population Standard Deviation, o Sample size (n) 10.998 0.02 inch 100 1. What is the point estimate for the population mean, µ? 2. What is the appropriate z-value to use when constructing a confidence interval at a 95% and 99% confidence levels? Use the z-value table and Microsoft Excel. Assignment03 Page 3 of 5 Assignment 3: Chapter 9, 10, 11 & 12 Confidence z-Value z-Value Level (Table) (Excel) Excel Formula 95% (0.90) =ABS(NORM.S.INV(0.025)) =ABS(NORM.S.INV(0.005)) 99% 3. Using a z-values calculate the confidence interval using at a 95% and 99% confidence levels. Do this by hand and use Excel's CONFIDENCE.NORM function. Report the Margin of Error, Lower Confidence Limit, and Upper Confidence Limit. Paste your work from Excel using Word's Paste Special function. X+z= Vn 4. What does these confidence intervals you constructed tell you?
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
Can you please answer number 4
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