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Calculate the 95% margin of error in estimating a population mean μ for the following values. (Round your answer to three decimal places.) n = 20, ² = 64

Calculate the 95% margin of error in estimating a population mean μ for the following values. (Round your answer to three decimal places.) n = 20, ² = 64

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
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Calculate the 95% margin of error in estimating a population mean for the following values. (Round your answer to three decimal places.) n = 20, s² = 64
Transcribed Image Text:Calculate the 95% margin of error in estimating a population mean for the following values. (Round your answer to three decimal places.) n = 20, s² = 64
Calculate the 95% margin of error in estimating a population mean μ for the following values. (Round your answer to three decimal places.) n = 30, σ² = 3.9 Consider that for n = 30 and ² = 0.1, o² = 1.0, and o² = 1.7 the margins of error are 0.113, 0.358, and 0.467 respectively. Comment on how a larger population variance affects the margin of error. O As the population variance o² increases, the margin of error decreases. O As the population variance o² increases, the margin of error remains relatively constant. O As the population variance o2 increases, the margin of error also increases.
Transcribed Image Text:Calculate the 95% margin of error in estimating a population mean μ for the following values. (Round your answer to three decimal places.) n = 30, σ² = 3.9 Consider that for n = 30 and ² = 0.1, o² = 1.0, and o² = 1.7 the margins of error are 0.113, 0.358, and 0.467 respectively. Comment on how a larger population variance affects the margin of error. O As the population variance o² increases, the margin of error decreases. O As the population variance o² increases, the margin of error remains relatively constant. O As the population variance o2 increases, the margin of error also increases.
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