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(in millions country. Construct a 9996 confidence interval. what does the appea distributed population as required? OUpndod an inoge sn 242 196 186 157 157 152 145 145 145 140 What is the confidence interval estimate of the population mean p? million

(in millions country. Construct a 9996 confidence interval. what does the appea distributed population as required? OUpndod an inoge sn 242 196 186 157 157 152 145 145 145 140 What is the confidence interval estimate of the population mean p? million

MATLAB: An Introduction with Applications
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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**Transcription of Educational Text and Diagram Explanation** Listed below are the amounts of net worth (in millions of dollars) of the ten wealthiest celebrities in a country. Construct a 99% confidence interval. What does the result tell us about the population of all celebrities? Do the data appear to be from a normally distributed population as required? - 242 - 196 - 186 - 157 - 157 - 152 - 145 - 145 - 145 - 140 **What is the confidence interval estimate of the population mean μ?** \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} < \mu < \text{\$}\_\_\_\_\_\_\_ \text{ million} \] *(Round to one decimal place as needed.)* **What does the result tell us about the population of all celebrities? Select the correct choice below and, if necessary, fill in the answer box(es) to complete your choice.** - ⃝ A. Because the ten wealthiest celebrities are not a representative sample, this doesn’t provide any information about the population of all celebrities. - ⃝ B. We are confident that 99% of all celebrities have a net worth between \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \] and \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \]. *(Round to one decimal place as needed.)* - ⃝ C. We are 99% confident that the interval from \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \] to \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \] actually contains the true mean net worth of all celebrities. *(Round to one decimal place as needed.)* **Do the data appear to be from a normally distributed population as required?** - ⃝ A. No, because the points lie reasonable close to a straight line, but there is a systematic pattern that is not a straight line pattern. - ⃝ B. No, but the points in the normal quantile plot lie reasonably close to a straight line and show some systematic pattern that is a straight line pattern. - ⃝ C. Yes, but the points in the normal quant
Transcribed Image Text:**Transcription of Educational Text and Diagram Explanation** Listed below are the amounts of net worth (in millions of dollars) of the ten wealthiest celebrities in a country. Construct a 99% confidence interval. What does the result tell us about the population of all celebrities? Do the data appear to be from a normally distributed population as required? - 242 - 196 - 186 - 157 - 157 - 152 - 145 - 145 - 145 - 140 **What is the confidence interval estimate of the population mean μ?** \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} < \mu < \text{\$}\_\_\_\_\_\_\_ \text{ million} \] *(Round to one decimal place as needed.)* **What does the result tell us about the population of all celebrities? Select the correct choice below and, if necessary, fill in the answer box(es) to complete your choice.** - ⃝ A. Because the ten wealthiest celebrities are not a representative sample, this doesn’t provide any information about the population of all celebrities. - ⃝ B. We are confident that 99% of all celebrities have a net worth between \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \] and \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \]. *(Round to one decimal place as needed.)* - ⃝ C. We are 99% confident that the interval from \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \] to \[ \text{\$}\_\_\_\_\_\_\_ \text{ million} \] actually contains the true mean net worth of all celebrities. *(Round to one decimal place as needed.)* **Do the data appear to be from a normally distributed population as required?** - ⃝ A. No, because the points lie reasonable close to a straight line, but there is a systematic pattern that is not a straight line pattern. - ⃝ B. No, but the points in the normal quantile plot lie reasonably close to a straight line and show some systematic pattern that is a straight line pattern. - ⃝ C. Yes, but the points in the normal quant
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