You want to purchase one of the new Altimas. You randomly select 400 dealerships across the United States and find a mean of \$25,000 and sample standard deviation of \$2500. Construct and interpret a 94% confidence interval for the true mean price for the new Nissan Altima.
Table of contents
- 1. Introduction to Statistics53m
- 2. Describing Data with Tables and Graphs2h 2m
- 3. Describing Data Numerically2h 8m
- 4. Probability2h 26m
- 5. Binomial Distribution & Discrete Random Variables3h 28m
- 6. Normal Distribution & Continuous Random Variables2h 21m
- 7. Sampling Distributions & Confidence Intervals: Mean3h 37m
- Sampling Distribution of the Sample Mean and Central Limit Theorem19m
- Distribution of Sample Mean - ExcelBonus23m
- Introduction to Confidence Intervals22m
- Confidence Intervals for Population Mean1h 26m
- Determining the Minimum Sample Size Required12m
- Finding Probabilities and T Critical Values - ExcelBonus28m
- Confidence Intervals for Population Means - ExcelBonus25m
- 8. Sampling Distributions & Confidence Intervals: Proportion2h 20m
- 9. Hypothesis Testing for One Sample5h 15m
- Steps in Hypothesis Testing1h 13m
- Performing Hypothesis Tests: Means1h 1m
- Hypothesis Testing: Means - ExcelBonus42m
- Performing Hypothesis Tests: Proportions39m
- Hypothesis Testing: Proportions - ExcelBonus27m
- Performing Hypothesis Tests: Variance12m
- Critical Values and Rejection Regions29m
- Link Between Confidence Intervals and Hypothesis Testing12m
- Type I & Type II Errors16m
- 10. Hypothesis Testing for Two Samples5h 35m
- Two Proportions1h 12m
- Two Proportions Hypothesis Test - ExcelBonus28m
- Two Means - Unknown, Unequal Variance1h 2m
- Two Means - Unknown Variances Hypothesis Test - ExcelBonus12m
- Two Means - Unknown, Equal Variance15m
- Two Means - Unknown, Equal Variances Hypothesis Test - ExcelBonus9m
- Two Means - Known Variance12m
- Two Means - Sigma Known Hypothesis Test - ExcelBonus21m
- Two Means - Matched Pairs (Dependent Samples)42m
- Matched Pairs Hypothesis Test - ExcelBonus12m
- Two Variances and F Distribution29m
- Two Variances - Graphing CalculatorBonus15m
- 11. Correlation1h 24m
- 12. Regression3h 42m
- Linear Regression & Least Squares Method26m
- Residuals12m
- Coefficient of Determination12m
- Regression Line Equation and Coefficient of Determination - ExcelBonus8m
- Finding Residuals and Creating Residual Plots - ExcelBonus11m
- Inferences for Slope32m
- Enabling Data Analysis ToolpakBonus1m
- Regression Readout of the Data Analysis Toolpak - ExcelBonus21m
- Prediction Intervals13m
- Prediction Intervals - ExcelBonus19m
- Multiple Regression - ExcelBonus29m
- Quadratic Regression23m
- Quadratic Regression - ExcelBonus10m
- 13. Chi-Square Tests & Goodness of Fit2h 31m
- 14. ANOVA2h 32m
7. Sampling Distributions & Confidence Intervals: Mean
Confidence Intervals for Population Mean
Multiple Choice
Find each probability.
(A)
A
0.086
B
0.089
C
0.084
D
0.173
0 Comments
Verified step by step guidance1
Step 1: Understand the problem. We are tasked with finding the probability P(T > 1.5) for a t-distribution with degrees of freedom (df) = 8. This involves using the t-distribution table or a statistical software/calculator.
Step 2: Recall the properties of the t-distribution. The t-distribution is symmetric and centered at 0. The area under the curve represents probabilities, and we are looking for the area to the right of T = 1.5.
Step 3: Use the t-distribution table or statistical software. Locate the row corresponding to df = 8 in the t-distribution table. Find the value of T = 1.5 and determine the area to the right of this value. If using software, input the parameters (T = 1.5, df = 8) to calculate P(T > 1.5).
Step 4: If using the t-distribution table, note that the table typically provides the cumulative probability (area to the left of T). To find P(T > 1.5), subtract the cumulative probability from 1: P(T > 1.5) = 1 - P(T ≤ 1.5).
Step 5: Compare the calculated probability with the given answer choices (0.086, 0.089, 0.084, 0.173) to identify the correct answer.
Related Videos
Related Practice
Multiple Choice
120
views
1
rank

