Scribd
Upload
8 views

Tutorial 8_Asymptote (2)

Uploaded by

lcccthong
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
8 views

Tutorial 8_Asymptote (2)

Uploaded by

lcccthong
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Q1.

Explain the various alternatives for decreasing the width of a confidence interval. Which is the
best alternative?

Q2.
For a population, the value of the standard deviation is 2.35. A sample of 35 observations taken
from this population produced the following data.
42 51 42 31 28 36 45
24 46 37 32 29 33 41
47 41 28 46 34 39 48
26 30 37 38 46 48 39
29 31 44 41 37 38 46

Construct a 98% confidence interval for .

Q3.
Lazurus Steel Corporation produces iron rods that are supposed to be 36 inches long. The
machine that makes these rods does not produce each rod exactly 36 inches long. The lengths of
the rods vary slightly. It is known that when the machine is working properly, the mean length of
the rods made on this machine is 36 inches. The standard deviation of the lengths of all rods
produced on this machine is always equal to 0.10 inch. The quality control department takes a
sample of 20 such rods every week, calculates the mean length of these rods, and makes a 99%
confidence interval for the population mean. If either the upper limit of this confidence interval is
greater than 36.05 inches or the lower limit of this confidence interval is less than 35.95 inches,
the machine is stopped and adjusted. A recent sample of 20 rods produced a mean length of
36.02 inches. Based on this sample, will you conclude that the machine needs an adjustment?
Assume that the lengths of all such rods have a normal distribution.

Q4.
Jack’s Auto Insurance Company customers sometimes have to wait a long time to speak to a
customer service representative when they call regarding disputed claims. A random sample of
25 such calls yielded a mean waiting time of 22 minutes with a standard deviation of 6 minutes.
Construct a 99% confidence interval for the population mean of such waiting times. Assume that
such waiting times for the population follow a normal distribution.
Q5.
The management of a health insurance company wants to know the percentage of its
policyholders who have tried alternative treatments. A random sample of 24 of the company’s
policyholders were asked whether or not they have tried such treatments. The following are their
responses.

Yes No No Yes No Yes No No


No Yes No No Yes No Yes No
No No Yes No No No Yes No

(a) What is the point estimate of the corresponding population proportion?


(b) Construct a 95% confidence interval for the percentage of this company’s policyholders
who have tried alternative treatments.

Q6.
An alumni association wants to estimate the mean debt of this year’s college graduates. It is
known that the population standard deviation of the debts of this year’s college graduates is
$11,800. How large a sample should be selected so that the estimate with a 99% confidence level
is within $800 of the population mean?

Q7.
Lombard Electronics Company has just installed a new machine that makes a part that is used in
clocks. The company wants to estimate the proportion of these parts produced by this machine
that are defective. The company manager want this estimate to be within 0.02 of the population
proportion for a 95% confidence level. What is the most conservative estimate of the sample size
that will limit the margin of error to within 0.02 of the population proportion?

You might also like