I need the work shown for solving the problems to compare it with my own work. I
ID: 3260468 • Letter: I
Question
I need the work shown for solving the problems to compare it with my own work. I also use a TI-84 Plus calculator if a formula is needed, Thanks
15) Given a sample standard deviation of 50 and a sample size of 20, calculate the standard error of the mean. a 11.18 b) 2.5 c) 50 d) 20 16) What is the most conservative probability of success when creating confidence intervals about a sample proportion. b) .1 d) changes with sample size 17) Create a 99% confidence interval about the sample proportion given that the proportion is .42 and the sample size is 500 a) .42 b) .0568 36-477 d) 4-44 18) Find the sample size needed to stay within 2 units of the sample mean given the sample standared deviation is 12 and you are going to create a 90% confidence interval 98 b) 49 c) 9.87 d) 24Explanation / Answer
Solution:-
15).
Given, Sample standard eviation = 50, and sample size = 20
Standard error of sample mean = / sqrt(n) = 50 / sqrt(20) = 11.18
16). For the following procedures, the assumption is that both np 10 and n(1p) 10.
If p is unknown, we use pˆ as an estimate of p.
A confidence interval for a populaton proportion is constructed by taking the point estimate (pˆ) plus and minus the margin of error.
The margin of error is computed by multiplying a z multiplier by the standard error, SE(pˆ).
pˆ ± z * ((p^ * (1p^)) / n)
Thus, 0.5 is the most conservative probability of success, as p and q(=1-p) both are 0.5.
17).
Formula:
Confidence Interval = p ± Z/2 × [(p×q)/n] , (x, n-x 5)
Where, p = x/n => p = 0.42
q = 1-p => q = 1 - 0.42
= 1 - (Confidence Level/100) => = 0.01
x = Frequency => p = x/n => 0.42 = x/500 => x = 500*0.42 = 210
n = Sample Size = 500
Z/2 = Z-table value = 2.575
Confidence Interval for Proportion, 0.363 < p < 0.477
18).
Formula, n = [ ( Z/2 * ) / E ]2
n = [ (1.645 * 12) / 2 ]2
n = 97.4169
or n = 98
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