Ask Statistics and Probability Expert

Assignment

QUESTION 1
For the interval estimation of μ when σ is known and the sample is large, the proper distribution to use is
the normal distribution
the t distribution with n degrees of freedom
the t distribution with n + 1 degrees of freedom
the t distribution with n + 2 degrees of freedom

QUESTION 2
An estimate of a population parameter that provides an interval of values believed to contain the value of the parameter is known as the
confidence level
interval estimate
parameter value
population estimate

QUESTION 3
The value added and subtracted from a point estimate in order to develop an interval estimate of the population parameter is known as the
confidence level
margin of error
parameter estimate
interval estimate

QUESTION 4
Whenever the population standard deviation is unknown and the population has a normal or near-normal distribution, which distribution is used in developing an interval estimation?
standard distribution
z distribution
alpha distribution
t distribution

QUESTION 5
The z value for a 97.8% confidence interval estimation is
2.02
1.96
2.00
2.29

QUESTION 6
The t value for a 95% confidence interval estimation with 24 degrees of freedom is
1.711
2.064
2.492
2.069

QUESTION 7
As the sample size increases, the margin of error
increases
decreases
stays the same
increases or decreases depending on the size of the mean

QUESTION 8
The ability of an interval estimate to contain the value of the population parameter is described by the
confidence level
degrees of freedom
precise value of the population mean μ
degrees of freedom minus 1

QUESTION 9
In general, higher confidence levels provide
wider confidence intervals
narrower confidence intervals
a smaller standard error
unbiased estimates

QUESTION 10
An interval estimate is a range of values used to estimate
the shape of the population's distribution
the sampling distribution
a sample statistic
a population parameter

QUESTION 11
As the number of degrees of freedom for a t distribution increases, the difference between the t distribution and the standard normal distribution
becomes larger
becomes smaller
stays the same
becomes negative

QUESTION 12
In order to determine an interval for the mean of a population with unknown standard deviation a sample of 61 items is selected. The mean of the sample is determined to be 23. The number of degrees of freedom for reading the t value is
22
23
60
61

QUESTION 13
After computing a confidence interval, the user believes the results are meaningless because the width of the interval is too large. Which one of the following is the best recommendation?
Increase the level of confidence for the interval.
Decrease the sample size.
Increase the sample size.
Reduce the population variance.

QUESTION 14
A sample of 225 elements from a population with a standard deviation of 75 is selected. The sample mean is 180.The 95% confidence interval for μ is
105.0 to 225.0
175.0 to 185.0
100.0 to 200.0
170.2 to 189.8

QUESTION 15
The sample size needed to provide a margin of error of 2 or less with a .95 probability when the population standard deviation equals 11 is
10
11
116
117.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92362636
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Question 1 many high school students take the ap tests in

Question 1. Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year,of the 211,693 students who too ...

Basic statisticsactivity 1define the following terms1

BASIC STATISTICS Activity 1 Define the following terms: 1. Statistics 2. Descriptive Statistics 3. Inferential Statistics 4. Population 5. Sample 6. Quantitative Data 7. Discrete Variable 8. Continuous Variable 9. Qualit ...

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Question 1 assume you have noted the following prices for

Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

Sppose a and b are collectively exhaustive in addition pa

Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...

The time to complete 1 construction project for company a

The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is the ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As