Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Consider a random sample of size n from a normal distribution, Xi ~ N(m,s^2). m=mean, s^2=variance.

a) If it is known that s^2 = 9, find a 90% confidence interval for m based on the estimate x(bar) = 19.3 with n = 16.

b) Based on the information in (a), find a one-sided lower 90% confidence limit for m. Also, find a one-sided upper 90% confidence limit for m.

c) For a confidence interval of the form [ x(bar) - z1(-alpha/2) standard deviation/square root of n, x(bar) + z1(-alpha/2) standard deviation/square root of n ], derive a formula for the sample size required to obtain an interval of specified length lamda. If s^2 = 9, then what sample size is needed to achieve a 90% confidence interval of length 2?

d) Suppose now that s^2 is unknown. Find a 90% confidence interval for m if x(bar) = 19.3 and s^2 = 10.24 with n = 16

e) Based on the data in (d), find a 99% confidence interval for s^2.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M994470

Have any Question?


Related Questions in Statistics and Probability

The dow jones industrial average has had a mean gain of 432

The Dow Jones Industrial Average has had a mean gain of 432 pear year with a standard deviation of 722. A random sample of 40 years is selected. What is the probability that the mean gain for the sample was between 200 a ...

The owner of the heating and air-conditioning company has

The owner of the heating and air-conditioning company has two employees that make service calls. He is interested in the number of service calls made per day. The sample standard deviation for employee A is 1.05 calls pe ...

A national center for health statistics report based on

A National Center for Health Statistics report based on 1985 data states that 30 percent of American adults smoke. Consider a simple random sample of 17 adults. Find the probability that the number of smokers in the samp ...

You are lost on the mythy island in the summer when

You are lost on the Mythy Island in the summer, when tourists are two-thirds of the population. If you ask a tourist for direction the answer is correct with probability ¾; answers to repeated questions are independent e ...

Suppose a random sample of n 49 observations is selected

Suppose a random sample of n = 49 observations is selected from a population that has normal distribution with mean 106 and standard deviation 12. a) Give the mean and the standard deviation of the sample mean X. b) Find ...

There are 2 white balls and 8 red balls in an

There are 2 white balls and 8 red balls in an urn. Consider selecting one ball at a time from the urn. What is the probability that the first ball is red and the second ball is also red? Express the probability in fracti ...

Assume the probability of a male being lt 21 is 1867 the

Assume the probability of a male being 50 is 4.80%, and the probability of being female and > 50 is 8.00%. Based on this information and the information in the tables above, what is the probability that someone

Determine the critical values for a left-tailed test of a

Determine the critical? value(s) for a? left-tailed test of a population mean at the alpha α=0.01 level of significance based on a sample size of n=15.

A survey asks 20002000 workers has the economy forced you

A survey asks 20002000 ?workers, "Has the economy forced you to reduce the amount of vacation you plan to take this? year?" FiftyFifty?-fourfour percent of those surveyed say they are reducing the amount of vacation. Twe ...

Question 1private capital expenditure for 12 successive

Question 1 Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions     1 31,920 2 25,120 3 30,350 4 24,650 5 30,090 6 23,980 7 28,450 8 26,710 9 31,380 10 27,260 11 3 ...

  • 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