Intro STATS, Books a la Carte Plus New Mystatlab with Pearson Etext -- Access Card Package
4th Edition
ISBN: 9780321869852
Author: Richard D. De Veaux
Publisher: PEARSON
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Chapter 18, Problem 8E
Home sales again In the previous exercise, you found a 95% confidence
- a) Suppose the standard deviation of the losses had been $3000 instead of $1500. What would the larger standard deviation do to the width of the confidence interval (assuming the same level of confidence)?
- b) Your classmate suggests that the margin of error in the interval could be reduced if the confidence level were changed to 90% instead of 95%. Do you agree with this statement? Why or why not?
- c) Instead of changing the level of confidence, would it be more statistically appropriate to draw a bigger sample?
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Chapter 18 Solutions
Intro STATS, Books a la Carte Plus New Mystatlab with Pearson Etext -- Access Card Package
Ch. 18.2 - Every 10 years, the United States takes a census....Ch. 18.2 - Prob. 2JCCh. 18.2 - Prob. 3JCCh. 18.2 - Every 10 years, the United States takes a census....Ch. 18.2 - Prob. 5JCCh. 18.2 - Prob. 6JCCh. 18 - Salmon A specialty food company sells whole King...Ch. 18 - LSAT The LSAT (a test taken for law school...Ch. 18 - Prob. 3ECh. 18 - t-models, part II Using the t tables, software, or...
Ch. 18 - t-models, part III Describe how the shape, center,...Ch. 18 - Prob. 6ECh. 18 - Prob. 7ECh. 18 - Home sales again In the previous exercise, you...Ch. 18 - Prob. 9ECh. 18 - Prob. 10ECh. 18 - Prob. 11ECh. 18 - Prob. 12ECh. 18 - Prob. 13ECh. 18 - Prob. 14ECh. 18 - Cattle Livestock are given a special feed...Ch. 18 - Prob. 16ECh. 18 - Meal plan After surveying students at Dartmouth...Ch. 18 - Prob. 18ECh. 18 - Prob. 19ECh. 18 - Prob. 20ECh. 18 - Prob. 21ECh. 18 - Credit card charges A credit card company takes a...Ch. 18 - 23. Normal temperature The researcher described in...Ch. 18 - Parking Hoping to lure more shoppers downtown, a...Ch. 18 - 25. Normal temperatures, part II Consider again...Ch. 18 - 26. Parking II Suppose that, for budget planning...Ch. 18 - Speed of light In 1882, Michelson measured the...Ch. 18 - Prob. 28ECh. 18 - Prob. 29ECh. 18 - Prob. 30ECh. 18 - Prob. 31ECh. 18 - Prob. 32ECh. 18 - Prob. 33ECh. 18 - Golf balls The United States Golf Association...Ch. 18 - Prob. 35ECh. 18 - Computer lab fees The technology committee has...Ch. 18 - Marriage In 1960, census results indicated that...Ch. 18 - Prob. 38ECh. 18 - Prob. 39ECh. 18 - Prob. 40ECh. 18 - Prob. 41ECh. 18 - Prob. 42ECh. 18 - Prob. 43ECh. 18 - 44. Yogurt Consumer Reports tested 11 brands of...Ch. 18 - 45. Maze Psychology experiments sometimes involve...Ch. 18 - Prob. 46ECh. 18 - 47. Driving distance 2011 How far do professional...Ch. 18 - Prob. 48E
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