Chapter 8: Q 8.59 (page 331)
The margin of error can be determined if you know only the confidence level, population standard deviation, and sample size.
Short Answer
The given statement is True.
Chapter 8: Q 8.59 (page 331)
The margin of error can be determined if you know only the confidence level, population standard deviation, and sample size.
The given statement is True.
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Get started for freeA confidence interval for a population mean has a margin of error of
a. Determine the length of the confidence interval.
b. If the sample mean is , obtain the confidence interval.
c. Construct a graph that illustrates your results.
When estimating an unknown parameter, what does the margin of error indicate?
A simple randoes sample is taken from a population and yields the following data for a variable of the population:
find a point estimate for the population standard deviation (i.e., the standard deviation of the variable).
Christmas Spending. In a national poll of U.S. adults, conducted November, Gallup asked "Roughly how much money do you think you personally will spend on Christmas gifts this year?". The data provided on the Weiss Stats site are based on the results of the poll.
a. Determine a upper confidence bound for the mean amount spent on Christmas gifts in (Note: The sample mean and sample standard deviation of the data are and , respectively.)
b. Interpret your result in part (a).
c. In , the mean amount spent on Christmas gifts was . Comment on this information in view of your answer to part (b).
Identify the formula for the margin of error for the estimate of a population mean when the population standard deviation is unknown.
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