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Homework help needed (math)?

Update:

Questions 3&4

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1 Answer

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  • Alan
    Lv 7
    1 year ago
    Favorite Answer

    3.  

    for the standard error (for the mean) to be within 2 points standard error  =   Z_critical*population standard deviation/ sqrt(N)  2 =   Z_critical* 4.8/sqrt(N)    

    for 90 % confidence range which goes from 

    5 % to  95%   

    P(z< Z_critical) =  0.95  

    so if you reverse look-up to two closest value in a z-table , you get

    P(z< 1.64) = .94950 

    P(z< 1.65) = 0.95053

    since it is almost exactly in the middle 

    Z_critical = 1.645  is usually used  

    2 = 1.645*4.8/sqrt(N) 

    2*sqrt(N) = 1.645*4.8 

    sqrt(N) = 1.645*4.8/2  

    square both sides 

    N = (1.645*4.8/2)^2 = 15.586704

    since N must be an integer    

    N = 16  

    4.  

    If only have one point of data for an estimate of the mean 

    point estimate of mean =  $23.45 

    Z_critical( for 90% confidence is same as in 3) =  1.645  

    N =  49 

    standard deviation = 2.80 

    so just plug in the number into the formulas 

    CI_Low = mean -  Z_critical* standard deviation/sqrt(N) 

    CI_Low=  23.45 -  1.645*2.80/sqrt(49) = 23.45  -1.645*0.40=  22.792

    CI_high = mean  -Z_critical*standard deviation/sqrt(N) 

    since it's the same number 

    CI_High = 23.45 + 1.645*2.80/sqrt(49) =  24.108 

    range (22.792  ,  24.108)       

    so if you have to round to the penny to 

    include  

    (22.79,  24.11) 

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