Mathematics, 05.05.2020 04:20 b2cutie456

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 60 home theater systems has a mean price of$131.00. Assume the population standard deviation is$18.80.

Construct a 90% confidence interval for the population mean.
The 90% confidence interval is (,0
(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 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. The95% confidence interval is narrower 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. The95% confidence interval is wider than the 90%.
C.
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%

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Answer from: AvaHeff

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%.

Step-by-step explanation:

We are given that a random sample of 60 home theater systems has a mean price of$131.00. Assume the population standard deviation is$18.80.

Firstly, the pivotal quantity for 90% confidence interval for the population mean is given by;

P.Q. = $\frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n} } }$ ~ N(0,1)

where, $\bar X$ = sample mean price = $131

$\sigma$ = population standard deviation = $18.80

n = sample of home theater = 60

$\mu$ = population mean

Here for constructing 90% confidence interval we have used One-sample z test statistics as we know about the population standard deviation.

So, 90% confidence interval for the population mean, $\mu$ is ;

P(-1.645 < N(0,1) < 1.645) = 0.90 {As the critical value of z at 5% level

of significance are -1.645 & 1.645}

P(-1.645 < $\frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n} } }$ < 1.645) = 0.90

P( $-1.645 \times {\frac{\sigma}{\sqrt{n} } }$ < ${\bar X-\mu}$ < $1.645 \times {\frac{\sigma}{\sqrt{n} } }$ ) = 0.90

P( $\bar X-1.645 \times {\frac{\sigma}{\sqrt{n} } }$ < $\mu$ < $\bar X+1.645 \times {\frac{\sigma}{\sqrt{n} } }$ ) = 0.90

90% confidence interval for $\mu$ = [ $\bar X-1.645 \times {\frac{\sigma}{\sqrt{n} } }$ , $\bar X+1.645 \times {\frac{\sigma}{\sqrt{n} } }$ ]

= [ $131-1.645 \times {\frac{18.8}{\sqrt{60} } }$ , $131+1.645 \times {\frac{18.8}{\sqrt{60} } }$ ]

= [127.01 , 134.99]

Therefore, 90% confidence interval for the population mean is [127.01 , 134.99].

Now, the pivotal quantity for 95% confidence interval for the population mean is given by;

P.Q. = $\frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n} } }$ ~ N(0,1)

where, $\bar X$ = sample mean price = $131

$\sigma$ = population standard deviation = $18.80

n = sample of home theater = 60

$\mu$ = population mean

Here for constructing 95% confidence interval we have used One-sample z test statistics as we know about the population standard deviation.

So, 95% confidence interval for the population mean, $\mu$ is ;

P(-1.96 < N(0,1) < 1.96) = 0.95 {As the critical value of z at 2.5% level

of significance are -1.96 & 1.96}

P(-1.96 < $\frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n} } }$ < 1.96) = 0.95

P( $-1.96 \times {\frac{\sigma}{\sqrt{n} } }$ < ${\bar X-\mu}$ < $1.96 \times {\frac{\sigma}{\sqrt{n} } }$ ) = 0.95

P( $\bar X-1.96 \times {\frac{\sigma}{\sqrt{n} } }$ < $\mu$ < $\bar X+1.96 \times {\frac{\sigma}{\sqrt{n} } }$ ) = 0.95

95% confidence interval for $\mu$ = [ $\bar X-1.96 \times {\frac{\sigma}{\sqrt{n} } }$ , $\bar X+1.96 \times {\frac{\sigma}{\sqrt{n} } }$ ]

= [ $131-1.96 \times {\frac{18.8}{\sqrt{60} } }$ , $131+1.96 \times {\frac{18.8}{\sqrt{60} } }$ ]

= [126.24 , 135.76]

Therefore, 95% confidence interval for the population mean is [126.24 , 135.76].

Now, 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%.

Answer from: Quest

It is important because sometimes ur dna needs to multiply

Answer from: Quest

C. i possibility the answer to this

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