Understanding confidence intervals

Assignment Help Basic Statistics
Reference no: EM13105767

What do we mean by confidence intervals - provide an example that illustrates your answer.

Suppose we were to apply 95% and 99% confidence to your study results.. how might your result differ and why?

Reference no: EM13105767

Questions Cloud

What value does an internship or mentorship add to training : What value does an internship or mentorship add to training? How numerous of you have been an intern or a mentee or mentor?
What is the conversion price : What is the conversion price? What is the conversion ratio per $1,000 debenture?
Examples of companies that fall under the global strategy : Provide examples of companies that fall under the multi-domestic or global strategy. Briefly identify their strategies.
Estimate the mean daily number of gallons : A local grocery store wants to estimate the mean daily number of gallons of milk sold to customers. Assume the number of gallons sold follows the normal distribution with a population standard deviation of 5.10 gallons.
Understanding confidence intervals : What do we mean by confidence intervals - provide an example that illustrates your answer. Suppose we were to apply 95% and 99% confidence to your study results.. how might your result differ and why?
Role of competitive intelligence : Appraise the effect of global factors as well as the role of competitive intelligence on your previous analysis. Consider the challenges confronted in your previous assignments in the evaluation.
What is the firms total cost function : Draw the AC function on the same graph. What is the firm's long-run supply curve? That is for every price p, how much will the firm produce in the long-run? Which curves are relevant now?
Question about confidence interval for population proportion : A genetic experiment with peas resulted in one sample of offspring that consisted of 438 green peas and 159 yellow peas.
Ethical considerations support dumping products : Made in the U.S.A.-Dumped in Brazil, Africa, Iraq. Question if no law is broken is there anything wrong with dumping?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Success probability of o-ring

What was the success probability of each O-ring?

  Hypothesis testing for single mean

A sample of 100 observations has a mean of 2.99 and a standard deviation s equal to 0.5 Conduct the following test of hypotheses about the corresponding population mean at a level of significance of α = 0.2

  Sketching a histogram

Sketch a histogram of these data and give the modal class.

  Information about poisson-normal probabilities

In a certain state, an appeals court consists of seven judges. For a routine case, three judges are chosen at random as a panel to hear a case and render a decision. How many distinct panels can be formed?

  Chi-square goodness-of-fit test

What is the chi-square goodness-of-fit test? What are the differences/similarities between this test and an independent t-test? How do you know when to use one analysis over the other? Show an example.

  Percent of the sales representatives

What percent of the sales representatives earn more than $42,000 per year? What percent of the sales representatives earn between $32,000 and $42,000?

  Tests and statistics

Test the hypothesis that no difference exists between the groups at α = .05 and perform and report all related tests and statistics.

  Question on frequency distributions

The following is the number of minutes to commute from home to work for a group of automobile executives.

  Hazard rate in survival analysis by exponential distribution

A function sometimes associated with a continuous nonnegative random variable is the failure rate (or hazard rate) function which is defined as:

  Calculate the expectations

Let X denote the number of students that were on the bus carrying this randomly selected student. One of the 4 bus drivers is also randomly selected. Let Y denote the number of students on his bus. Compute the expectations of X and Y.

  Find the shape of this distribution

The lifetime of a 2-volt non-rechargeable battery in constant use has a Normal distribution with a mean of 516 hours and a standard deviation of 20 hours. The proportion of batteries with lifetimes exceeding 520 hours is approximately.

  Probability based on relative frequency

What is the probability that a roulette ball will come to rest on an even number other than 0 and 00?

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