Session:8 Confidence Intervals
Solutions
Introductory Business Statistics | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/introductory-business-statistics
2.
X is the number of hours a patient waits in the emergency room before being called back to be examined. X−
is the mean wait time of 70 patients in the emergency room.
4.
CI: (1.3808, 1.6192)
EBM = 0.12
6.
- x−
= 151
- sx
= 32
- n = 108
- n – 1 = 107
8.
X−
is the mean number of hours spent watching television per month from a sample of 108 Americans.
10.
CI: (142.92, 159.08)
EBM = 8.08
12.
- 3.26
- 1.02
- 39
14.
μ
16.
t 38
18.
0.025
20.
(2.93, 3.59)
22.
We are 95% confident that the true mean number of colors for national flags is between 2.93 colors and 3.59 colors.
23.
The error bound would become EBM = 0.245. This error bound decreases because as sample sizes increase, variability decreases and we need less interval length to capture the true mean.
26.
The sample size needed would increase. As the confidence level increases, α
decreases and z(a2)
increases. To maintain the same error bound, the size of the sample needs to increase.
28.
X is the number of “successes” where the woman makes the majority of the purchasing decisions for the household. P′ is the percentage of households sampled where the woman makes the majority of the purchasing decisions for the household.
30.
CI: (0.5321, 0.6679)
EBM: 0.0679
32.
X is the number of “successes” where an executive prefers a truck. P′ is the percentage of executives sampled who prefer a truck.
34.
CI: (0.19432, 0.33068)
36.
The sampling error means that the true mean can be 2% above or below the sample mean.
38.
P′ is the proportion of voters sampled who said the economy is the most important issue in the upcoming election.
40.
CI: (0.62735, 0.67265)
EBM: 0.02265
42.
The number of girls, ages 8 to 12, in the 5 P.M. Monday night beginning ice-skating class.
44.
- x = 64
- n = 80
- p′ = 0.8
46.
p
48.
P′~N(0.8,(0.8)(0.2)80−−−−−−√)
. (0.72171, 0.87829).
50.
0.04
52.
(0.72; 0.88)
54.
With 92% confidence, we estimate the proportion of girls, ages 8 to 12, in a beginning ice-skating class at the Ice Chalet to be between 72% and 88%.
56.
The error bound would increase. Assuming all other variables are kept constant, as the confidence level increases, the area under the curve corresponding to the confidence level becomes larger, which creates a wider interval and thus a larger error.
58.
- 244
- 15
- 50
60.
N(244,1550√)
62.
As the sample size increases, there will be less variability in the mean, so the interval size decreases.
64.
X is the time in minutes it takes to complete the U.S. Census short form. X−
is the mean time it took a sample of 200 people to complete the U.S. Census short form.
66.
CI: (7.9441, 8.4559)
68.
The level of confidence would decrease because decreasing n makes the confidence interval wider, so at the same error bound, the confidence level decreases.
70.
- x−
= 2.2
- σ = 0.2
- n = 20
72.
X−
is the mean weight of a sample of 20 heads of lettuce.
74.
EBM = 0.07
CI: (2.1264, 2.2736)
76.
The interval is greater because the level of confidence increased. If the only change made in the analysis is a change in confidence level, then all we are doing is changing how much area is being calculated for the normal distribution. Therefore, a larger confidence level results in larger areas and larger intervals.
78.
The confidence level would increase.
80.
30.4
82.
σ
84.
μ
86.
normal
88.
0.025
90.
(24.52,36.28)
92.
We are 95% confident that the true mean age for Winger Foothill College students is between 24.52 and 36.28.