A random sample of 50 four-year-olds attending day care centers pro- vided a yearly tuition average of $3987 and the population standard deviation of $630. a) Find the 90% confidence interval for the population yearly tuition average of 50 four-year-olds attending day care centers. b) Estimate the population yearly tuition average of 50 four-year-olds attending day care centers using a 98% UCB. c) If you wish to estimate population tuition average of four-year-olds attend- ing day care centers correct to within $4, with probability equal to .95, how many observations should be included in your sample? No hand written solution and no image

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

A random sample of 50 four-year-olds attending day care centers pro-
vided a yearly tuition average of $3987 and the population standard deviation of $630.
a) Find the 90% confidence interval for the population yearly tuition average of
50 four-year-olds attending day care centers.
b) Estimate the population yearly tuition average of 50 four-year-olds attending
day care centers using a 98% UCB.
c) If you wish to estimate population tuition average of four-year-olds attend-
ing day care centers correct to within $4, with probability equal to .95, how many
observations should be included in your sample? No hand written solution and no image 

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman