Find the confidence level and α for a 91% confidence interval. What is the confidence level? _______ (Type an integer or a decimal.)
Find the confidence level and α for a 91% confidence interval. What is the confidence level? _______ (Type an integer or a decimal.)
MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Find the confidence level and α for a 91% confidence interval.
What is the confidence level?
_______
(Type an integer or a decimal.)
![**Transcription for Educational Website:**
### Problem 8.1.25
A government bureau publishes annual price figures for new mobile homes. A simple random sample of 36 new mobile homes yielded the following prices, in thousands of dollars. Assume that the population standard deviation of all such prices is $6.6 thousand, that is, $6,600. Use the data to obtain a 99.7% confidence interval for the mean price of all new mobile homes.
- **Click the icon** to view a table of prices of new mobile homes.
**The 99.7% confidence interval is from $[ \_\_\_ ] to $[ \_\_\_ ].**
(Round to the nearest dollar as needed.)
---
**Table: Prices of New Mobile Homes**
| Prices ($1000s) of 36 Randomly Selected New Mobile Homes |
|----------------------------------------------------------|
| 66.9, 69.3, 58.6, 57.9, 64.3, 62.1, 54.5, 72.3, 62.5 |
| 67.3, 74.7, 62.4, 56.0, 64.0, 56.1, 48.7, 72.0 |
| 49.6, 56.4, 71.7, 59.1, 64.2, 63.7, 55.9, 51.8, 53.7 |
| 55.9, 77.8, 77.3, 61.3, 74.3, 58.3, 60.9, 63.2, 78.0 |
This table provides the prices (in thousands of dollars) of 36 randomly selected new mobile homes. Use this sample data to compute the mean and ultimately the 99.7% confidence interval for the population mean price of new mobile homes.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff534fa3a-7fc6-4517-a79f-1e1d7853b104%2Fe49267c4-8841-4f16-aa7d-416fc9b255a7%2Frfd1zh6_processed.png&w=3840&q=75)
Transcribed Image Text:**Transcription for Educational Website:**
### Problem 8.1.25
A government bureau publishes annual price figures for new mobile homes. A simple random sample of 36 new mobile homes yielded the following prices, in thousands of dollars. Assume that the population standard deviation of all such prices is $6.6 thousand, that is, $6,600. Use the data to obtain a 99.7% confidence interval for the mean price of all new mobile homes.
- **Click the icon** to view a table of prices of new mobile homes.
**The 99.7% confidence interval is from $[ \_\_\_ ] to $[ \_\_\_ ].**
(Round to the nearest dollar as needed.)
---
**Table: Prices of New Mobile Homes**
| Prices ($1000s) of 36 Randomly Selected New Mobile Homes |
|----------------------------------------------------------|
| 66.9, 69.3, 58.6, 57.9, 64.3, 62.1, 54.5, 72.3, 62.5 |
| 67.3, 74.7, 62.4, 56.0, 64.0, 56.1, 48.7, 72.0 |
| 49.6, 56.4, 71.7, 59.1, 64.2, 63.7, 55.9, 51.8, 53.7 |
| 55.9, 77.8, 77.3, 61.3, 74.3, 58.3, 60.9, 63.2, 78.0 |
This table provides the prices (in thousands of dollars) of 36 randomly selected new mobile homes. Use this sample data to compute the mean and ultimately the 99.7% confidence interval for the population mean price of new mobile homes.

- [ View page 1 of the table of areas under the standard normal curve.](#)
- [ View page 2 of the table of areas under the standard normal curve.](#)
**Confidence Interval:**
The 95% confidence interval is from $___ million to $___ million. (Round to two decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff534fa3a-7fc6-4517-a79f-1e1d7853b104%2Fe49267c4-8841-4f16-aa7d-416fc9b255a7%2Fs6m442q_processed.png&w=3840&q=75)
Transcribed Image Text:**Investments in the High-Tech Industry**
**Problem 8.2.69:**
Data on investments in the high-tech industry by venture capitalists are compiled by a corporation. A random sample of 18 venture-capital investments in a certain business sector yielded the accompanying data, in millions of dollars. Determine and interpret a 95% confidence interval for the mean amount, μ, of all venture-capital investments in this business sector. Assume that the population standard deviation is $1.82 million. (Note: The sum of the data is $112.40 million.)
- **Investment Data:**
- 5.31, 5.80, 5.42, 9.74, 2.89, 5.49
- 5.40, 5.66, 4.50, 8.63, 5.85, 6.85
- 4.58, 7.85, 9.17, 4.85, 8.30, 6.11
**Links:**
- [ View the investment data.](#)
- [ View page 1 of the table of areas under the standard normal curve.](#)
- [ View page 2 of the table of areas under the standard normal curve.](#)
**Confidence Interval:**
The 95% confidence interval is from $___ million to $___ million. (Round to two decimal places as needed.)
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