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melomori [17]
4 years ago
7

You construct a​ 95% confidence interval for a population mean using a random sample. the confidence interval is 24.9less thanmu

less than31.5. is the probability that mu is in this interval​ 0.95? explain.
Mathematics
1 answer:
svet-max [94.6K]4 years ago
3 0
No. It is not that the probability that \mu is in the interval is 0.95 rather we are 95% confident that the true mean of the population will be in the stated interval.

Confidence interval does not specify the probability of the occurrence of a population mean in an interval, rather it specifies the level of confidence on the interval of occurrence of the population mean.
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Answer:

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Step-by-step explanation:

The ratio of mikes savings to nicks savings was 4:3.

Let their savings be 4k and 3k.

After mike saved another $120 and nick saved another $60, their savings become 4K+120 and 3k+60.

It is given that the new ratio is 8:5.

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\frac{4k+120}{3k+60} =\frac{8}{5}

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