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Unformatted text preview: 64 (20.74, 107.26) If 64 is the PE then it falls within the CI of 20.74, 107.26. 97 (53.74, 140.26) If 97 is the PE then it falls within the CI of 53.74, 140.26. All of these have a 95% confidence level for the sample values. If the standard deviation is known it is fairly easy to fit it into the formula and figure out the confidence interval. This also means less work for the person who is figuring out the confidence intervals. If the standard deviation is unknown then you would have to use the student’s t distribution. If the sample size is large enough you can substitute the sample SD in, but if the sample size is small then you have to use the student’s t distribution. The interval changes on student’s t distribution are that it has thicker tails and a lower peak. You would have to estimate two numbers for the problem instead of only one with known SD....
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This note was uploaded on 02/25/2011 for the course STATISTICS WL110 taught by Professor Talton during the Winter '11 term at National American.
- Winter '11
- Standard Deviation