# Confidence Interval and Point Estimate Calculation## ScenarioAs a researcher in a hospital, you are testing a new tranquilizer. You have collected data from a random sample of 8 patients regarding the duration of the drug's effectiveness. The times recorded (in hours) are as follows:| Hours ||-------|| 2.8 || 2.2 || 2.3 || 2.5 || 2.7 || 3.0 || 2.5 || 2.6 |## Questions1. **Point Estimate Calculation** What is a point estimate for the population mean length of time? (Round your answer to 2 decimal places) - Input box for the answer2. **Requirements for Confidence Interval** What must be true in order to construct a confidence interval in this situation? - Dropdown menu for selecting the answer3. **Confidence Interval Construction** Construct a 98% confidence interval for the population mean length of time. (Round upper and lower bounds to 2 decimal places) - Two input boxes for the lower and upper bounds4. **Understanding Confidence Level** What does it mean to be "98% confident" in this problem? - Options: - 98% of all confidence intervals found using this same sampling technique will contain the population mean time. - There is a 98% chance that the confidence interval contains the sample mean time. - The confidence interval contains 98% of all sample times. - 98% of all times will fall within this interval.5. **Company Statement** Suppose the company releases a statement that the mean time for all patients is 2 hours. Is this possible? - Dropdown menu for selecting the answer- **Submit Button** for question submission## Additional Notes- For each step, ensure calculations are accurate.- Use appropriate statistical methods for confidence interval estimation.- Interpret the results clearly to understand the implications of the experiment findings.

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Description: # Confidence Interval and Point Estimate Calculation## ScenarioAs a researcher in a hospital, you are testing a new tranquilizer. You have collected data from a random sample of 8 patients regarding the duration of the drug's effectiveness. The time

The point estimate for the population mean is, x¯=2.8+2.2+2.3+2.5+2.7+3+2.5+2.68=20.68=2.58 Thus,…

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Statistics

What is a point estimate for the population mean length of time. (Round answer to 2 decimal places) What must be true in order to construct a confidence interval in this situation? Solect an answer Construct a 98% confidence interval for the population mean length of time. (Round upper and lower bounds to 2 decimal places.) What does it mean to be "98% confident" in this problem? O 98% of all confidence intervals found using this same sampling technique will contain the population mean time. O There is a 98% chance that the confidence interval contains the sample mean time. The confidence interval contains 98% of all sample times. O 98% of all times will fall within this interval. Suppose that the company releases a statement that the mean time for all patients is 2 hours. Is this possible? ? e

What is a point estimate for the population mean length of time. (Round answer to 2 decimal places) What must be true in order to construct a confidence interval in this situation? Solect an answer Construct a 98% confidence interval for the population mean length of time. (Round upper and lower bounds to 2 decimal places.) What does it mean to be "98% confident" in this problem? O 98% of all confidence intervals found using this same sampling technique will contain the population mean time. O There is a 98% chance that the confidence interval contains the sample mean time. The confidence interval contains 98% of all sample times. O 98% of all times will fall within this interval. Suppose that the company releases a statement that the mean time for all patients is 2 hours. Is this possible? ? e

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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How do you find a confidence interval of a population mean? I have included the questions.
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