Explain what the phrase 87% confident meats when we interpret an 87% confidence
ID: 3223052 • Letter: E
Question
Explain what the phrase 87% confident meats when we interpret an 87% confidence interval for some population proportion. (a) 87% of similarly constructed intervals would contain the value of the sample proportion. (b) 87% of the observations in the population fall within the bounds of the calculated interval. (c) The probability that a sample proportion falls in the calculated interval is 0.87. (d) In repeated sampling, 87% of similarly constructed intervals would contain the value of the population proportion. If we want to change n standard error from 15 to 5 by changing the sample size, we need to multiply the original sample size by ________. (a) 9 (b) 3 (c) 1/3 (d) 1/9 A manager at the Papyrus Paper Company wants to estimate the mean time required for a new machine to produce a ream of paper. A random sample of 36 reams required an average machine of 1.5 minutes for time each ream. Assuming sigma = 0.30 minute, construct an interval estimate with a confidence level of 90 percent. (a) 1.5 plusminus 0.0980 (b) 1.5 plusminus 0.0823 (c) 1.5 plusminus 0.4935 (d) 1.5 plusminus 0.1502Explanation / Answer
1) option D is correct
2)as std error is inversely proportional to square root of sample size
hence option a is correct
3)for 90% CI, z=1.645
std error =std deviation/(n)1/2 =0.05
hence confidence ievel =sample mean -/+z*std error
option B is correct
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