Refer to the accompanying data display that results from a simple random sample of times (minutes) between eruptions of the Old Faithful geyser. The confidence level of 95% was used. Complete parts (a) and (b) below. TInterval (85.74,91.76) x= 88.75 Sx = 8.897431411 n= 36 ..... The point estimate of u is 88.75 minutes. (Round to two decimal places as needed.) The margin of error is E = (Round to two decimal places as needed.) minutes.

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
**Educational Content on Confidence Intervals**

Refer to the accompanying data display that results from a simple random sample of times (minutes) between eruptions of the Old Faithful geyser. A 95% confidence level was used. Complete parts (a) and (b) below.

**TInterval Data:**

- **Confidence Interval:** (85.74, 91.76)
- **Sample Mean (x̄):** 88.75 minutes
- **Sample Standard Deviation (Sx):** 8.897431411 minutes
- **Sample Size (n):** 36

(a) **The Point Estimate of μ is:** 88.75 minutes  
(Round to two decimal places as needed.)

(b) **The Margin of Error (E) is:** ______ minutes  
(Round to two decimal places as needed.)

*Instructional Note: The point estimate is the sample mean, which provides the best estimate of the population mean μ. The confidence interval gives a range around this estimate, reflecting the precision of the estimate. The margin of error, E, represents the maximum expected difference between the sample mean and the population mean.* 

**Diagram Explanation:**

There is no diagram in this data display. The information shows numerical data related to a statistical analysis of eruption times. The confidence interval provides an estimate range, indicating where the true mean of the population is likely to fall with 95% confidence.
Transcribed Image Text:**Educational Content on Confidence Intervals** Refer to the accompanying data display that results from a simple random sample of times (minutes) between eruptions of the Old Faithful geyser. A 95% confidence level was used. Complete parts (a) and (b) below. **TInterval Data:** - **Confidence Interval:** (85.74, 91.76) - **Sample Mean (x̄):** 88.75 minutes - **Sample Standard Deviation (Sx):** 8.897431411 minutes - **Sample Size (n):** 36 (a) **The Point Estimate of μ is:** 88.75 minutes (Round to two decimal places as needed.) (b) **The Margin of Error (E) is:** ______ minutes (Round to two decimal places as needed.) *Instructional Note: The point estimate is the sample mean, which provides the best estimate of the population mean μ. The confidence interval gives a range around this estimate, reflecting the precision of the estimate. The margin of error, E, represents the maximum expected difference between the sample mean and the population mean.* **Diagram Explanation:** There is no diagram in this data display. The information shows numerical data related to a statistical analysis of eruption times. The confidence interval provides an estimate range, indicating where the true mean of the population is likely to fall with 95% confidence.
Expert Solution
trending now

Trending now

This is a popular 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