# Homework 3 - Graded Homework 3 You have submitted this Econ...

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This question is similar to example #3 on page 42 (slide 35) of your course packet. Suppose we made an interval estimate for the mean of the population such as: [124.23, 175.34]. If we realize that the true population mean is 121.32, what should we conclude? (Hint: 1 correct answer) The procedure for interval estimation must have been done incorrectly. We must use a t distribution instead of a z distribution. We should first standardize the LCL and UCL and then see if they capture the mean. We could never get this result. The procedure can still be valid, since we allow for a certain amount of error. You received a raw score of 100% on this question.
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Homework 3 - Graded Homework 3 You have submitted this Econ...

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