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Mathematics, 16.04.2020 04:47 alyxkellar06
You are given the sample mean and the population standard deviation. Use this information to construct the? 90% and? 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If? convenient, use technology to construct the confidence intervals.
A random sample of 55 home theater systems has a mean price of ?$135.00. Assume the population standard deviation is ?$19.80.
Construct a? 90% confidence interval for the population mean.
The? 90% confidence interval is ?().
?(Round to two decimal places as? needed.)
Construct a? 95% confidence interval for the population mean.
The? 95% confidence interval is ?().
?(Round to two decimal places as? needed.)
Interpret the results. Choose the correct answer below.
A. With? 90% confidence, it can be said that the sample mean price lies in the first interval. With? 95% confidence, it can be said that the sample mean price lies in the second interval. The? 95% confidence interval is wider than the? 90%.
B. With? 90% confidence, it can be said that the population mean price lies in the first interval. With? 95% confidence, it can be said that the population mean price lies in the second interval. The? 95% confidence interval is wider than the? 90%.
C. With? 90% confidence, it can be said that the population mean price lies in the first interval. With? 95% confidence, it can be said that the population mean price lies in the second interval. The? 95% confidence interval is narrower than the? 90%.
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