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zhenek [66]
3 years ago
13

A doctor wants to estimate the mean HDL cholesterol of all​ 20- to​ 29-year-old females. The number of subjects needed to estima

te the mean HDL cholesterol within 3 points with 99% confidence is 160 subjects. Suppose the doctor decides that he could be content with only 90% confidence. Assuming s=14.7 based on earlier​ studies, how would this decrease in confidence affect the sample size required?
Mathematics
1 answer:
Ludmilka [50]3 years ago
8 0

Answer:

n=(\frac{1.64(14.7)}{3})^2 =64.57 \approx 65

So the answer for this case would be n=65 rounded up to the nearest integer

And the sample size would decrease by 160-65=95 subjects

Step-by-step explanation:

1) Previous concepts

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 means 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.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

\bar X represent the sample mean for the sample  

\mu population mean (variable of interest)

s represent the sample standard deviation

n represent the sample size  

ME represent the margin of error

The confidence interval for the mean is given by the following formula:

\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}   (1)

2) Solution to the problem

Since the new Confidence is 0.90 or 90%, the value of \alpha=0.1 and \alpha/2 =0.05, and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.05,0,1)".And we see that z_{\alpha/2}=1.64

Assuming that the deviation is known we can express the margin of error is given by this formula:

ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}    (a)

And on this case we have that ME =\pm 3 and we are interested in order to find the value of n, if we solve n from equation (a) we got:

n=(\frac{z_{\alpha/2} \sigma}{ME})^2   (b)

Replacing into formula (b) we got:

n=(\frac{1.64(14.7)}{3})^2 =64.57 \approx 65

So the answer for this case would be n=65 rounded up to the nearest integer

And the sample size would decrease by 160-65=95 subjects

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Answer:

$8,000

Step-by-step explanation:

Let the store earned $x in December.

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Money spent to buy new inventory =\frac{1}{4} x

Remaining money = x - \frac{1}{4} x =\frac{3}{4} x

Money used to pay bills =\frac{1}{2} \times \frac{3}{4} x=\frac{3}{8} x

Money still left over = $3,000

Total money earned in December = \frac{1}{4} x+ \frac{3}{8} x+3,000

\therefore x= \frac{1}{4} x+ \frac{3}{8} x+3,000

\therefore x= \frac{2}{8} x+ \frac{3}{8} x+3,000

\therefore x= \frac{5}{8} x+ 3,000

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\therefore x =3,000\times \frac {8}{3}

\therefore x =1,000\times 8

\therefore x =\$8,000

Thus, total money earned in December is $8,000.

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