Referring to Table 8 9 what will be the 90 confidence interval for the total

Referring to table 8 9 what will be the 90 confidence

  • Brooklyn College, CUNY
  • BUS 30.2
  • Lecture Slides
  • PrivateBraveryWalrus9433
  • 33
  • 92% (251) 232 out of 251 people found this document helpful

This preview shows page 25 - 27 out of 33 pages.

127.Referring to Table 8-9, what will be the 90% confidence interval for the total market price of the houses in the suburban county constructed by the consulting group? TYPE: PR DIFFICULTY: Moderate EXPLANATION: This confidence interval is computed with the t critical value of 1.652546747 obtained in Excel. KEYWORDS: confidence interval, total amount, finite population correction 128.Referring to Table 8-9, what will be the 90% confidence interval for the total difference between the market prices and appraised prices of the houses in the suburban county constructed by the consulting group? TYPE: PR DIFFICULTY: Moderate EXPLANATION: This confidence interval is computed with the t critical value of 1.652546747 obtained in Excel. KEYWORDS: confidence interval, total difference, finite population correction 129.Referring to Table 8-9, what will be the 90% confidence interval for the population proportion of houses that will be appraised for higher than the market prices?
249 Confidence Interval Estimation 0.1917 to 0.2883 TYPE: PR DIFFICULTY: Moderate EXPLANATION: This is a confidence interval estimate for the proportion with finite population correction factor. KEYWORDS: confidence interval, proportion, finite population correction 130.A quality control engineer is interested in estimating the proportion of defective items coming off a production line. In a sample of 300 items, 27 are defective. A 90% confidence interval for the proportion of defectives from this production line would go from __________ to __________. TYPE: FI DIFFICULTY: Moderate KEYWORDS: confidence interval, proportion TABLE 8-10The president of a university would like to estimate the proportion of the student population who owns a personal computer. In a sample of 500 students, 417 own a personal computer. 131.True or False: Referring to Table 8-10, the parameter of interest is the average number of students in the population who own a personal computer. TYPE: TF DIFFICULTY: Easy KEYWORDS: confidence interval, proportion, parameter 132.True or False: Referring to Table 8-10, the parameter of interest is the proportion of student population who own a personal computer. TYPE: TF DIFFICULTY: Easy KEYWORDS: confidence interval, proportion, parameter 133.Referring to Table 8-10, the critical value for a 99% confidence interval for this sample is __________.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture