Nonparametric confidence interval for the median

Reference no: EM131009377

28. The interval from the smallest to largest amounts sold during the eight shifts in Exercise 37 is +1,889 to +4,592. If this range is treated as a nonparametric confidence interval for the median, what is the coverage probability of this interval?

29. The interval +750 to +2,250 excludes the largest and smallest trades executed at the office described in Exercise 38. If we treat this interval as a confidence interval for the associated population median, what's the coverage?

Reference no: EM131009377

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