Variable N or 95% CI StDev SE Mean Mean BuyItNow 9 630.78 20.47 (615.04 646.52) 6.82 c. Interpret the 95 % confidence interval in context. d. Compared to the confidence interval (569, 599) for prices from auctions obtained in Example 6, is there evidence that the mean price is higher when purchased through Buy It Now? Explain. e. Excluding the observation of $675, the confidence in- terval equals (615, 636). Does this change your answer to part d? Time spent on e-mail When the GSS askedn = people in 2012, "About how many hours per week do you spend sending and answering e-mail?" (EMAILHR), the summary statistics were = 6.89 and s 13.05. TI output with these data (available on the book's website) is shown in the screen shot. 1050 8.36 af ct a. What is the margin of error at the 95% confidence level for the point estimate of the mean number of hours? b. Interpret the 95% confidence interval shown in context. c. The distribution of hours spent is right-skewed (e.g., the minimum of zero hours is only 0.5 standard de- viations below the mean, but the largest value of 168 hours has a z-score larger than 12). Is this a concern for the validity of the confidence interval? r n. m- NORMAL FIX3 AUTO REAL RADIAN CL a? TInterval (6.100.7.680) X-6.890 Sx-13.050 n=1050.000 12 Grandmas using e-mail For the question about e-mail in the previous exercise, the 14 females in the GSS ofage at 8.37

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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8.36

Variable N
or
95% CI
StDev SE Mean
Mean
BuyItNow 9 630.78 20.47
(615.04 646.52)
6.82
c. Interpret the 95 % confidence interval in context.
d. Compared to the confidence interval (569, 599) for
prices from auctions obtained in Example 6, is there
evidence that the mean price is higher when purchased
through Buy It Now? Explain.
e. Excluding the observation of $675, the confidence in-
terval equals (615, 636). Does this change your answer
to part d?
Time spent on e-mail When the GSS askedn =
people in 2012, "About how many hours per week do
you spend sending and answering e-mail?" (EMAILHR),
the summary statistics were = 6.89 and s 13.05. TI
output with these data (available on the book's website)
is shown in the screen shot.
1050
8.36
af
ct
a. What is the margin of error at the 95% confidence level
for the point estimate of the mean number of hours?
b. Interpret the 95% confidence interval shown in context.
c. The distribution of hours spent is right-skewed (e.g.,
the minimum of zero hours is only 0.5 standard de-
viations below the mean, but the largest value of 168
hours has a z-score larger than 12). Is this a concern for
the validity of the confidence interval?
r
n.
m-
NORMAL FIX3 AUTO REAL RADIAN CL
a?
TInterval
(6.100.7.680)
X-6.890
Sx-13.050
n=1050.000
12
Grandmas using e-mail For the question about e-mail in
the previous exercise, the 14 females in the GSS ofage at
8.37
Transcribed Image Text:Variable N or 95% CI StDev SE Mean Mean BuyItNow 9 630.78 20.47 (615.04 646.52) 6.82 c. Interpret the 95 % confidence interval in context. d. Compared to the confidence interval (569, 599) for prices from auctions obtained in Example 6, is there evidence that the mean price is higher when purchased through Buy It Now? Explain. e. Excluding the observation of $675, the confidence in- terval equals (615, 636). Does this change your answer to part d? Time spent on e-mail When the GSS askedn = people in 2012, "About how many hours per week do you spend sending and answering e-mail?" (EMAILHR), the summary statistics were = 6.89 and s 13.05. TI output with these data (available on the book's website) is shown in the screen shot. 1050 8.36 af ct a. What is the margin of error at the 95% confidence level for the point estimate of the mean number of hours? b. Interpret the 95% confidence interval shown in context. c. The distribution of hours spent is right-skewed (e.g., the minimum of zero hours is only 0.5 standard de- viations below the mean, but the largest value of 168 hours has a z-score larger than 12). Is this a concern for the validity of the confidence interval? r n. m- NORMAL FIX3 AUTO REAL RADIAN CL a? TInterval (6.100.7.680) X-6.890 Sx-13.050 n=1050.000 12 Grandmas using e-mail For the question about e-mail in the previous exercise, the 14 females in the GSS ofage at 8.37
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