In Exercises 13 and 14, use the confidence interval to find the margin of error and the sample mean.
(14.7, 22.1)
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In Exercises 13 and 14, use the confidence interval to find the margin of error and the sample mean.
(14.7, 22.1)
In Exercises 29–32, determine the minimum sample size n needed to estimate for the values of c, σ, and E.
c = 0.90, σ = 6.8, E = 1.
In Exercises 35–40, use the standard normal distribution or the t-distribution to construct a 95% confidence interval for the population mean. Justify your decision. If neither distribution can be used, explain why. Interpret the results.
In a random sample of 18 months from January 2011 through December 2020, the mean interest rate for 30-year fixed rate home mortgages was 3.95% and the standard deviation was 0.49%. Assume the interest rates are normally distributed. (Source: Freddie Mac)
Translating Statements In Exercises 29–34, translate the statement into a confidence interval. Approximate the level of confidence.
In a survey of 1000 U.S. adults, 71% think teaching is one of the most important jobs in our country today. The survey’s margin of error is ±3%. (Source: Rasmussen Reports)
Finding Critical Values for χ2 In Exercises 3–8, find the critical values χR2 and χL2 for the level of confidence c and sample size n.
c = 0.99, n = 15
Finding Critical Values for χ2 In Exercises 3–8, find the critical values χR2 and χL2 for the level of confidence c and sample size n.
c = 0.80, n = 51