An art dealer sold three of 12 paintings that were on display in her gallery what was the ratio of the number of paining sold to
1 answer:
You might be interested in
Answer:
The 98% confidence interval for the variance in the pounds of impurities would be .
Step-by-step explanation:
1) Data given and notation
represent the sample variance
s=4 represent the sample standard deviation
represent the sample mean
n=20 the sample size
Confidence=98% or 0.98
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population mean or variance lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
The Chi square distribution is the distribution of the sum of squared standard normal deviates .
2) Calculating the confidence interval
The confidence interval for the population variance is given by the following formula:
On this case the sample variance is given and for the sample deviation is just the square root of the sample variance.
The next step would be calculate the critical values. First we need to calculate the degrees of freedom given by:
Since the Confidence is 0.98 or 98%, the value of and
, and we can use excel, a calculator or a table to find the critical values.
The excel commands would be: "=CHISQ.INV(0.01,19)" "=CHISQ.INV(0.99,19)". so for this case the critical values are:
And replacing into the formula for the interval we got:
So the 98% confidence interval for the variance in the pounds of impurities would be .