You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 35 home theater systems has a mean price of $149.00. Assume the population standard deviation is $19.90. Construct a 90% confidence interval for the population mean. The 90% confidence interval is ( 143.47 , 154.53 ). (Round to two decimal places as needed.) Construct a 95% confidence interval for the population mean. The 95% confidence interval is ( 142.41, 155.59). (Round to two decimal places as needed.) Interpret the results. Choose the correct answer below. O A. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%. O B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90% O C. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval. The 95% confidence interval is wider than the 90%. View an Example Get More Help - Clear All Final Check Help Me Solve This Copyright © 2021 Pearson Education Inc. All rights reserved. Terms ot Use | Prevacy Policy PermissionsI Contact US| 86°F 10 o search
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 35 home theater systems has a mean price of $149.00. Assume the population standard deviation is $19.90. Construct a 90% confidence interval for the population mean. The 90% confidence interval is ( 143.47 , 154.53 ). (Round to two decimal places as needed.) Construct a 95% confidence interval for the population mean. The 95% confidence interval is ( 142.41, 155.59). (Round to two decimal places as needed.) Interpret the results. Choose the correct answer below. O A. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%. O B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90% O C. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval. The 95% confidence interval is wider than the 90%. View an Example Get More Help - Clear All Final Check Help Me Solve This Copyright © 2021 Pearson Education Inc. All rights reserved. Terms ot Use | Prevacy Policy PermissionsI Contact US| 86°F 10 o search
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Step 1
We have given that
Sample size n= 35 , xbar= 149 ,
Sigma = 19.90
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