Please Help with BOTH 1) 2) A CI is desired for the true average stray-load loss…
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Question “Please Help with BOTH 1) 2) A CI is desired for the true average stray-load loss…”
Please Help with BOTH
1)
2)
Answer
1) a) The critical value at 95% confidence level is z 0.25 = 1.96
The confidence interval of 95% is
b) The confidence interval of 95% is
c) The critical value at 99% confidence level is z 0.05 = 2.58
The confidence interval of 99% is
d) The critical value at 82% confidence level is z 0,09 = 1.34
The confidence interval of 82% is
e) The critical value at 99% confidence level is z 0.05 = 2.58
Margin of error = 1/2
2)a) The critical value at 95% confidence level is z 0.25 = 1.96
The confidence interval of 95% is
b) The critical value at 98% confidence level is z 0,01 = 2.33
The confidence interval of 98% is
c) Margin error = 0.47/2
d) Margin error = 0.22
Conclusion
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