market researcher collects a simple random sample of customers from a population of over a million customers that use a home improvement website. After analyzing the sar he has 95% confidence that the mean time customers spent on that website per day is between 17 and 55 minutes. Suppose that the population mean time customers spent a minutes a day. Does this value of the population mean help to show that the confidence interval estimate is correct? Explain. Chood the correct answer below A. Yes, because the population mean, u, is relatively close to the confidence interval estimate. B. Yes, because the population mean, u, is included within the confidence interval estimate. OC. No, because the population mean, u is not included within the confidence interval estimate. OD. No, because the population mean, u, is not the midpoint of the confidence interval estimate. OE. Yes, because the population mean, u is within 95% of the midpoint of the confidence interval estimate. Activate Windo Go to Settings to act

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
A market researcher collects a simple random sample of customers from a population of over a million customers that use a home improvement website. After analyzing the sample, she states that
she has 95% confidence that the mean time customers spent on that website per day is between 17 and 55 minutes. Suppose that the population mean time customers spent on that website is 16
minutes a day. Does this value of the population mean help to show that the confidence interval estimate is correct? Explain.
Chood the correct answer below.
OA. Yes, because the population mean, u, is relatively close to the confidence interval estimate.
OB. Yes, because the population mean, u, is included within the confidence interval estimate.
OC. No, because the population mean, u, is not included within the confidence interval estimate.
OD. No, because the population mean, u, is not the midpoint of the confidence interval estimate.
OE. Yes, because the population mean, uis within 95% of the midpoint of the confidence interval estimate.
F3
F4
$
F5
%
5
F6
6
F7
DELL
F8
&
7
7
F9
★
8
8
F10
(
F11
O
F12
Activate Windows
Go to Settings to activate Windows
Next
g
PrtScr
4
Insert
9:09 AM
12/19/2022
Delete
Backspace
Transcribed Image Text:A market researcher collects a simple random sample of customers from a population of over a million customers that use a home improvement website. After analyzing the sample, she states that she has 95% confidence that the mean time customers spent on that website per day is between 17 and 55 minutes. Suppose that the population mean time customers spent on that website is 16 minutes a day. Does this value of the population mean help to show that the confidence interval estimate is correct? Explain. Chood the correct answer below. OA. Yes, because the population mean, u, is relatively close to the confidence interval estimate. OB. Yes, because the population mean, u, is included within the confidence interval estimate. OC. No, because the population mean, u, is not included within the confidence interval estimate. OD. No, because the population mean, u, is not the midpoint of the confidence interval estimate. OE. Yes, because the population mean, uis within 95% of the midpoint of the confidence interval estimate. F3 F4 $ F5 % 5 F6 6 F7 DELL F8 & 7 7 F9 ★ 8 8 F10 ( F11 O F12 Activate Windows Go to Settings to activate Windows Next g PrtScr 4 Insert 9:09 AM 12/19/2022 Delete Backspace
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman