Confidence Interval for a Population Mean

Which confidence would result in a wider interval (assuming nothing else changed), 91% or 97%?

• 97%, z* is larger for higher confidence intervals

• 97%, the standard error is larger for higher confidence intervals

• 91%, z* is larger for lower confidence intervals

• 91%, the standard error is smaller for lower confidence intervals

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

Increasing the sample size __________ the confidence interval. 

• increases

• decreases

• does not affect

• there is not enough evidence to determine the answer

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, $154,144). Give a practical 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. 

• 90% of all 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.

What is the point estimator for the interval (-5 , 13)?

• 10

• 9.5

• 9

• -5

What is the margin of error for the interval (6.8, 12.9)?

• 9.85

• 3.05

• 3.50

• 6.8

Which of the following actions would produce a confidence interval with a smaller width assuming all other contingencies remained constant?

• Using a higher confidence level

• Using a lower confidence level

Which of the following values below represents the critical value for a 98% confidence interval?

• 2.326

• 2.054

• 1.645

• 3.091

A sample of 20 cupcakes found the interval for calories to be (150, 350). Which is the correct interpretation of the 95% confidence interval?

• We are 95% confident that the true mean calorie content can be found with a sample of 150 to 350 cupcakes.

• We are 95% confident that the true mean calorie content in cupcakes is between 150 and 350 calories.

• We are 95% confident that a sample of 20 cupcakes will find 250 calories per cupcake.

• None of these are correct.