Confidence Intervals and Sample Size

In a crash test of 15 troopers, collision repair costs are found to have a distribution that is approximately normal, with a mean of $1800 and a standard deviation of $950. Construct a 99% confidence interval for the repair cost for the population.

• (1070, 2530)

• (1273, 2326)

• (1799, 1801)

• (1776, 1823)

A 90% confidence interval for the mean speed driven by cars on Due West Road is given by (21, 45). What was the sample mean of this study?

• 12

• 24

• 33

• None of these.

A 90% confidence interval for the mean speed driven by cars on Due West Road is given by (21, 45). What was the margin of error of this interval?

• 12

• 24

• 33

• None of these.

A 90% confidence interval for the average salary of all CEOs in the electronics industry was constructed using the results of a random survey of 45 CEOs. The interval was $139,048 to $154,144. Give the interpretation of the interval.

• 90% of the sampled CEOs have salaries that fell in the interval $139,048 to $154,144

• We are 90% confident that the mean salary of all CEOs in the electronics industry falls in the interval $139,048 to $154,144.

• There is a 90% chance that CEOs in the electronics industry have salaries that fall between $139,048 to $154,144

• We are 90% confident that the mean salary of the sampled CEOs falls in the interval $139,048 to $154,144.

Which of the following does NOT have an affect on the width of a confidence interval?

• Sample mean

• t*

• Sample standard deviation

• Sample size

Construct a 90% confidence interval of a random sample size of 19 cows with a mean of 155.526 and a standard deviation of 19.993. 

• (146.54, 164.52)

• (147.57, 163.48)

• (147.59, 163.46)

• (143.69, 167.36)

Which of the following is an example of an interval estimate?

• point estimate 

• critical value

• confidence interval

• statistic

A __________ gives an interval of plausible values for the _____________. 

• confidence interval, statistic

• point estimate, parameter

• point estimate, statistic

• confidence interval, parameter

What is the format for interpreting a confidence interval? 

• The interval from ___ to ___ captures the true mean in context.

• C% of samples of the same size taken from the same population will capture the parameter in question

• There is convincing evidence that C% gives the interval (___, ___) capturing the parameter in question.

• We are C% confident that the interval from ___ to ___ captures the [parameter in context].

What can you do to reduce the margin of error? 

• increase the confidence level

• decrease the confidence level

• increase sample size

• decrease sample size