From the estimation of the population mean of the Year of Education with a 99% confidence interval, what is the lower limit? (Round off to two decimal places if necessary).
From the estimation of the population mean of the Year of Education with a 99% confidence interval, what is the lower limit? (Round off to two decimal places if necessary).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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From the estimation of the population
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The 99% confidence interval for the the population mean years of education, will signify that, with 99% confidence the population mean years of education lies within that interval. If denotes the 99% confidence interval, then a will be the lower limit and b will be the upper limit.
Since, population standard deviation is unknown, the sampling distribution can be assumed to follow student-t distribution and further t-confidence interval formula will be appropriate in this case.
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