Use the standard normal distribution or the t-distribution to construct a 90% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results. n a random sample of 11 mortgage institutions, the mean interest rate was 3.46% and the standard deviation was 0.46%. Assume the interest rates are normally distributed. Which distribution should be used to construct the confidence interval? OA. Use a t-distribution because the interest rates are normally distributed and σ is known. OB. Use a t-distribution because it is a random sample, is unknown, and the interest rates are normally distributed. OC. Use a normal distribution because n<30 and the interest rates are normally distributed. OD. Use a normal distribution because the interest rates are normally distributed and o is known. OE. Cannot use the standard normal distribution or the t-distribution because o is unknown, n<30, and the interest rates are not normally distributed. Select the correct choice below and, if necessary, fill in any answer boxes to complete your choice.
Use the standard normal distribution or the t-distribution to construct a 90% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results. n a random sample of 11 mortgage institutions, the mean interest rate was 3.46% and the standard deviation was 0.46%. Assume the interest rates are normally distributed. Which distribution should be used to construct the confidence interval? OA. Use a t-distribution because the interest rates are normally distributed and σ is known. OB. Use a t-distribution because it is a random sample, is unknown, and the interest rates are normally distributed. OC. Use a normal distribution because n<30 and the interest rates are normally distributed. OD. Use a normal distribution because the interest rates are normally distributed and o is known. OE. Cannot use the standard normal distribution or the t-distribution because o is unknown, n<30, and the interest rates are not normally distributed. Select the correct choice below and, if necessary, fill in any answer boxes to complete your choice.
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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