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Question 1:
a) A random sample of 25 was drawn from a normal distribution whose standard deviation is 5. The sample mean is 80. Determine the 95% confidence interval estimate of the population mean.
b) Repeat part a with a sample size of 100
c) Repeat Part a with a sample size of 400
d) Describe what happens to the conference interval estimate when the sample size increases.
Question 2:
a) A statistics practitioner randomly sampled 100 observations from a population whose standard deviation is 5 and found that x(absolute value) is 10. Estimate the population mean with 90% confidence.
b) Repeat Part a with a sample size of 25.
c) Repeat part a with a sample size of 10.
d) Describe what happens to the confidence interval estimate when the sample size decreases.
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