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Unformatted text preview: CHAPTER 8: CONF IDENCE I N TERVAL EST I MAT ION 1. The width of a confidence interval estimate for a proportion will be a) narrower for 99% confidence than for 95% confidence. b) wider for a sample size of 100 than for a sample size of 50. c) narrower for 90% confidence than for 95% confidence. d) narrower when the sample proportion is 0.50 than when the sample proportion is 0.20. ANSWER: c TYPE: MC DIFFICULTY: Moderate KEYWORDS: confidence interval, proportion, properties, width 2. When determining the sample size for a proportion for a given level of confidence and sampling error, the closer to 0.50 that p is estimated to be, the __________ the sample size required. a) smaller b) larger c) The sample size is not affected. d) The effect cannot be determined from the information given. ANSWER: b TYPE: MC DIFFICULTY: Moderate KEYWORDS: confidence interval, proportion, properties 3. A 99% confidence interval estimate can be interpreted to mean that a) if all possible samples are taken and confidence interval estimates are developed, 99% of them would include the t rue population mean somewhere within their interval. b) we have 99% confidence that we have selected a sample whose interval does include the population mean. c) both of the above d) none of the above ANSWER: c TYPE: MC DIFFICULTY: Moderate KEYWORDS: confidence interval, interpretation 4. If you were constructing a 99% confidence interval of the population mean based on a sample of n = 25, where the standard deviation of the sample s = 0.05, the critical value of t will be a) 2.7970. b) 2.7874. c) 2.4922. d) 2.4851. ANSWER: a TYPE: MC DIFFICULTY: Easy KEYWORDS: critical value, t distribution 5. Which of the following is NOT true about the Students t distribution? a) I t has more area in the tails and less in the center than does the normal distribution. b) I t is used to construct confidence intervals for the population mean when the population standard deviation is known. c) I t is bell shaped and symmetrical. d) As the number of degrees of freedom increases, the t distribution approaches the normal distribution. ANSWER: b TYPE: MC DIFFICULTY: Easy KEYWORDS: t distribution, properties 6. True or False: The t distribution is used to construct confidence intervals for the population mean when the population standard deviation is unknown. ANSWER: True TYPE: TF DIFFICULTY: Easy KEYWORDS: confidence interval, mean, standard deviation unknown 7. The t distribution a) assumes the population is normally distributed. b) approaches the normal distribution as the sample size increases. c) has more area in the tails than does the normal distribution. d) all of the above ANSWER: d TYPE: MC DIFFICULTY: Easy KEYWORDS: t distribution, properties 8. I t is desired to estimate the average total compensation of CEOs in the Service industry....
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 Spring '11
 smith
 Business

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