MATH 533 Week 4 Quiz.
WEEK 4 QUIZ Suppose a random sample of 400 is selected from a population with a standard deviation of 5. If the sample mean is 25, the 98% confidence interval to estimate the population mean is between . 24.75 and 25.26 24.49 and 25.51 24.76 and 25.25 24.42 and 25.58 24.34 and 25.68 The point estimate of the population mean is. the sample size the sample proportion the sample mean the sample variance Suppose a random sample of 50 is drawn from a population whose standard deviation is unknown. If the sample mean is 70 and the sample standard deviation is 5, the 92% confidence interval to estimate the population mean is between. 69.01 and 70.99 68.74 and 71.26 69.32 and 70.68 69.34 and 70.65 69.52 and 70.99 Suppose a researcher is interested in understanding the variation in the price of store brand milk. A random sample of 36 grocery stores selected from a population and the mean price of store brand milk is calculated. The sample mean is $3.13 with a population standard deviation of $0.23. Construct a 92% confidence interval to estimate the population mean. $3.12 to $3.14 $3.05 to $3.21 $2.90 to $3.36 $3.03 to $3.23 $3.06 to $3.20 Brian Vanecek, VP of Operations at Portland Trust Bank, is evaluating the se
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