in a survey, 13 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $47 and standard deviation of $20. The best point estimate for μμ is . The margin of error for a 95% confidence interval is

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

in a survey, 13 people were asked how much they spent on their child's last birthday gift. The results were roughly bell-shaped with a mean of $47 and standard deviation of $20.

The best point estimate for μμ is .

The margin of error for a 95% confidence interval is

 

You are interested in estimating the the mean weight of the local adult population of female white-tailed deer (doe). From past data, you estimate that the standard deviation of all adult female white-tailed deer in this region to be 27 pounds. What sample size would you need to in order to estimate the mean weight of all female white-tailed deer, with a 96% confidence level, to within 5 pounds of the actual weight? (Use Excel to find the appropriate critical value and round to 3 decimal places.)

 

Suppose you compute a 95% confidence interval. What will happen to the confidence interval if you decrease the confidence level to 90%?

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Basics of Inferential Statistics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON