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Assume that a sample is drawn and z(α/2) = 1.65 and σ = 35. Answer the following questions:
(A) If the Maximum Error of Estimate is 0.04 for this sample, what would be the sample size?
(B) Given that the sample Size is 400 with this same z(α/2) and σ, what would be the Maximum Error of Estimate?
(C) What happens to the Maximum Error of Estimate as the sample size gets larger?
(D) What effect does the answer to C above have to the size of the confidence interval?
What is the population mean? What is the best estimate of that value?
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A biologist has found the average weight of 12 randomly selected mud turtles to be 8.7 lb with standard deviation 3.6 lb. find a 90% confidence interval for the population mean weight of all such turtles.
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The firm has already decided that any sample mean below 78 or above 82 will signal the workers that the process is not working properly.
Correlation rule states that if X and Y are correlated, X has caused Y.
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