As part of the course requirement each student taking E270 is to build an interv

Question

As part of the course requirement each student taking E270 is to build an interval with a 95% confidence level for the population mean monthly rent for two-bedroom apartments in Marion County. Each student is required to obtain a random sample of size n = 100. The number of students participating in this project is 294. After each student submits his/her interval estimate, the instructor would expect about As part of the course requirement each student taking E270 is to build an interval with a 95% confidence level for the population mean monthly rent for two-bedroom apartments in Marion County. Each student is required to obtain a random sample of size n = 100. The number of students participating in this project is 294. After each student submits his/her interval estimate, the instructor would expect about

Explanation / Answer

Hi,

Please find the answer as follows:

The 95% confidence interval indicates that 95% of the intervals built around the means from samples of a given size would capture the population mean. We are given 294 intervals in this question. Therefore we would expect 294*0.95 = 279.30 or 279 of these intervals to capture

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