A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population
mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.
A random sample of 35 home theater systems has a mean price of $149.00. Assume the population standard deviation is $19.90.
Construct a 90% confidence interval for the population mean.
The 90% confidence interval is ( 143.47, 154.53).
(Round to two decimal places as needed.)
Construct a 95% confidence interval for the population mean.
The 95% confidence interval is ( 142.41, 155.59).
(Round to two decimal places as needed.)
Interpret the results. Choose the correct answer below.
O A. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean
price lies in the second interval. The 95% confidence interval is narrower than the 90%.
O B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean
price lies in the second interval. The 95% confidence interval is wider than the 90%
O C. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies
in the second interval. The 95% confidence interval is wider than the 90%.
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Transcribed Image Text:You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 35 home theater systems has a mean price of $149.00. Assume the population standard deviation is $19.90. Construct a 90% confidence interval for the population mean. The 90% confidence interval is ( 143.47, 154.53). (Round to two decimal places as needed.) Construct a 95% confidence interval for the population mean. The 95% confidence interval is ( 142.41, 155.59). (Round to two decimal places as needed.) Interpret the results. Choose the correct answer below. O A. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%. O B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90% O C. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval. The 95% confidence interval is wider than the 90%. Get More Help - Clear All Final Check Help Me Solve This View an Example Copyright © 2021 Pearson Education Inc. All rights reserved. Terms ot Use | Privacy Policy PermissionsI Contact US 86°F 10 o search
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We have given that 

Sample size n= 35 , xbar= 149 ,

Sigma = 19.90

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