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AlekseyPX
3 years ago
9

A random sample of 25 fields of rye has a mean yield of 31.2 bushels per acre and standard deviation of 6.99 bushels per acre. D

etermine the 80% confidence interval for the true mean yield. Assume the population is approximately normal.Step 1 of 2: Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.
Mathematics
1 answer:
Murrr4er [49]3 years ago
3 0

Answer:

Critical value is 1.318 and the confidence interval is 29.357 to  33.042

Step-by-step explanation:

n = 25

x = 31.2

s = 6.99

Degree of freedom = n-1= 25-1 =24

Confidence level = 0.8

So, α = 1- 0.8= 0.2

t critical = t_{\frac{\alpha}{2},df}=t_{\frac{0.2}{2},24}=t_{0.10,24}=1.318

Formula of confidence interval : \bar{x}-t_{\frac{\alpha}{2},df} \times \frac{s}{\sqrt{n}} to  \bar{x}+t_{\frac{\alpha}{2},df} \times \frac{s}{\sqrt{n}}

Confidence interval : 31.2-1.318 \times \frac{6.99}{\sqrt{25}} to  31.2+1.318 \times \frac{6.99}{\sqrt{25}}

Confidence interval : 29.357 to  33.042

Hence critical value is 1.318 and the confidence interval is 29.357 to  33.042

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4.751 4.373 4.177 4.676 (a) Construct a confidence interval for the mean rate. Round the answer to at least four decimal places.
Lemur [1.5K]

98% confidence interval for the mean rate = [4.1437 , 4.4983]

We are given the interest rates (annual percentage rates) for a 30-year fixed rate mortgage from a sample of lenders in Macon, Georgia for one day ;

4.751, 4.373, 4.177, 4.676, 4.425, 4.228, 4.125, 4.251, 3.951, 4.192, 4.291, 4.414

Now, Firstly we will find the Mean of the above data, Xbar ;

Mean, Xbar = ∑ x ÷ n =

4.751 + 4.373 + 4.177 + 4.676 + 4.425 + 4.228 + 4.125 + 4.251 + 3.951 + 4.192 + 4.291 + 4.414 ÷ 12 = 4.321

Standard deviation, s = √ ∑(x - x bar)²÷ n-1 = 0.226.

Now, the pivotal quantity for the 98% confidence interval for the mean rate is;

P.Q = x bar - ц ÷ n - 1 ≈ tn - 1

where, Xbar = sample mean

s = sample standard deviation

n = sample size = 12

So, 98% confidence interval for the mean rate, μ is ;

P(-2.718 < t₁₁ <2.718) = 0.98

P(-2.718 <Xbar - μ σ√ⁿ < 2.718) = 0.98

P(Xbar - 2.718 * ₈÷ √ⁿ < μ Xbar +  2.718 * ₈÷ √ⁿ ) = 0.98

98% confidence interval for μ = (Xbar - 2.718 * ₈÷ √ⁿ < μ Xbar +  2.718 * ₈÷ √ⁿ ) = 0.98

[4.321 - 2.718 * 0.226 ÷ √₁₂ , 4.321 + 2.718 * 0.226 ÷ √₁₂

                                  = [4.1437 , 4.4983]

Therefore, 98% confidence interval for the mean rate = [4.1437 , 4.4983]

Learn more about standard deviation at

brainly.com/question/475676

#SPJ4

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