In a survey, cconomists' confidence about the resilience of the cconomy is measured 2. from 0 to 100. If the sample mean and sample standard deviation of 9 cconomists' confidence are 76 and 10.6 respectively. (i) Describe how to construct a 95% confidence interval for 4, cconomists' average confidence. (ii) What assumptions you made in answering (i)?
In a survey, cconomists' confidence about the resilience of the cconomy is measured 2. from 0 to 100. If the sample mean and sample standard deviation of 9 cconomists' confidence are 76 and 10.6 respectively. (i) Describe how to construct a 95% confidence interval for 4, cconomists' average confidence. (ii) What assumptions you made in answering (i)?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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In a survey, cconomists' confidence about the resilience of the cconomy is mcasured
from 0 to 100. If the sample mean and sample standard deviation of 9 cconomists' confidence are 76 and
10.6 respectively.
(i) Describe how to construct a 95% confidence interval for 4, cconomists' average confidence.
(ii) What assumptions you made in answering (i)?
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