Stats: Modeling the World Nasta Edition Grades 9-12
3rd Edition
ISBN: 9780131359581
Author: David E. Bock, Paul F. Velleman, Richard D. De Veaux
Publisher: PEARSON
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Chapter 23, Problem 12E
To determine
To explain why the analysis didn’t find the confidence interval useful and also explain what went wrong.
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Explanation of Solution
It is given in the question that a credit card company takes a random sample of
Moreover, we note that the confidence interval contains almost all observations with the exception of the outlier and thus the confidence interval is not a good prediction for the true population mean.
Chapter 23 Solutions
Stats: Modeling the World Nasta Edition Grades 9-12
Ch. 23 - Prob. 1ECh. 23 - Prob. 2ECh. 23 - Prob. 3ECh. 23 - Prob. 4ECh. 23 - Prob. 5ECh. 23 - Prob. 6ECh. 23 - Prob. 7ECh. 23 - Prob. 8ECh. 23 - Prob. 9ECh. 23 - Prob. 10E
Ch. 23 - Prob. 11ECh. 23 - Prob. 12ECh. 23 - Prob. 13ECh. 23 - Prob. 14ECh. 23 - Prob. 15ECh. 23 - Parking II. Suppose that, for budget planning...Ch. 23 - Prob. 17ECh. 23 - Prob. 18ECh. 23 - Prob. 19ECh. 23 - Prob. 20ECh. 23 - Prob. 21ECh. 23 - Prob. 22ECh. 23 - Prob. 23ECh. 23 - Prob. 24ECh. 23 - Prob. 25ECh. 23 - Prob. 26ECh. 23 - Prob. 27ECh. 23 - Prob. 28ECh. 23 - Prob. 29ECh. 23 - Prob. 30ECh. 23 - Prob. 31ECh. 23 - Prob. 32ECh. 23 - Prob. 33ECh. 23 - Prob. 34ECh. 23 - Prob. 35ECh. 23 - Prob. 36ECh. 23 - Prob. 37ECh. 23 - Prob. 38ECh. 23 - Prob. 39ECh. 23 - Prob. 40E
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