Describe how the increase in the confidence level

Assignment Help Applied Statistics
Reference no: EM131026800

One can calculate the 95% confidence interval for the mean with the population standard deviation known. This will give us an upper and a lower confidence limit. What happens if we decide to calculate the 99% confidence interval? Describe how the increase in the confidence level has changed the width of the confidence interval. Do the same for the confidence interval set at 80%. Please include an example with actual numerical values for the intervals in your post. 

Reference no: EM131026800

Questions Cloud

Describe what you learned about your own skills : Describe what you learned about your own skills for your career field and jobs(s), e.g. your Personality Assessment.
Coffee pot attendant : It is 1581 Anno Domini.  At the Undergraduate School of UMUC, besides Assistant Academic Director of Mathematics and Statistics, I am also the Undergraduate School-appointed CPA, Coffee Pot Attendant.
Find the probability : The capacity of an elevator is 8 people or 1232 pounds. The capacity will be exceeded if 8 people have weights with a mean greater than 1232/8=154 pounds. Suppose the people have weights that are normally distributed with a mean of 162 lb and a stand..
Define the term and persuade the reader : What a definition is, and they have a good idea of what persuasion is. So it would seem that synthesizing the terms to come up with one assignment - Define the term and persuade the reader that the author's definition is the correct one.
Describe how the increase in the confidence level : One can calculate the 95% confidence interval for the mean with the population standard deviation known. This will give us an upper and a lower confidence limit. What happens if we decide to calculate the 99% confidence interval? Describe how the inc..
Compute the cost of not taking the following cash discounts : Compute the cost of not taking the following cash discounts.
Mathematical problem solving : Twelve teachers attended a seminar on mathematical problem solving. Their attitudes were measured before and after the seminar. A positive number change attitude indicates that a teacher's attitude toward math became more positive. The twelve change ..
Compute production cost per unit under variable costing : A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000.  If the variable costs per unit are $6, total fixed costs must be:   The sales level at which a company neither earns a profit nor incurs a ..
Draw the logic diagram for the hierarchical component : Three instances (copies) of a single hierarchical circuit component made up of two AND gates, an OR gate, and an inverter are to be used. Draw the logic diagram for the hierarchical component and for the overall circuit diagram using a symbol for ..

Reviews

Write a Review

Applied Statistics Questions & Answers

  What is the probability that the experiment will find

What is the probability that the experiment will find (misleadingly) that the mean score for delayed speaking is at least as large as that for early speaking?

  1 the test averages for 40 students are listed below use 8

1 the test averages for 40 students are listed below. use 8 classes not bins to construct a frequency distribution

  The difference of the largest minus the smallest

Suppose Ana has a pair of dice (the traditional six-sided kind). Let X= the difference of the largest minus the smallest number showing on the dice. Find the PMF for X.

  Determine what action the firm should pursue

Use decision analysis tools discussed in class to determine what action the firm should pursue in order to minimize expected loss; either manual analysis or software is acceptable. Please also calculate the minimum expected loss.

  Calculate the slack time for each activity

Calculate the slack time for each activity and for each path and looking at only the critical path, find the probability that the store will take more than 23 working days to open.

  Britain raised the age at which retirees can get public pen

In 2005, Britain raised the age at which retirees can get public pensions from 65 to 67. One newspaper, the Daily Telegraph, argued that "one in five who formerly would have lived long enough to receive a pension will now die before receiving a penny..

  Evaluate the correlation coefficient

Evaluate the correlation coefficient.

  What is the confidence level

What is the confidence level (in percentage) of the following confidence interval of M : X+- 2.45(s/(n)^2)

  A group of organic pollutants found in a variety

Polychlorinated biphenyl (PCB) is among a group of organic pollutants found in a variety of products, such as coolants, insulating materials, and lubricants in electrical equipment. Disposal of items containing less than 50 parts per million (ppm) PC..

  The standard deviation of activity

What is the latest possible time that Activity E can be started without delaying the completion of the project and what is the latest time that activity B can start without delaying the project

  1 listed below are the numbers of people executed in the

1. listed below are the numbers of people executed in the united states from 1976 nbsp to 1994. in 1976 the u.s.

  Evaluate the expected value of the total number of sales

Evaluate the expected value of the total number of sales

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd