1. A simple random sample of size 50 is drawn from a population that has a standard deviation of 24. a) Find the margin of error for a 90% confidence interval for the population mean. b) If the sample size had been 40 would the margin of error have been larger or smaller. Explain why.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 58E: What is meant by the sample space of an experiment?
icon
Related questions
Question
I need answers ASAP
1. A simple random sample of size 50 is drawn from a population that has a
standard deviation of 24.
a) Find the margin of error for a 90% confidence interval for the population
mean.
b) If the sample size had been 40 would the margin of error have been
larger or smaller. Explain why.
Transcribed Image Text:1. A simple random sample of size 50 is drawn from a population that has a standard deviation of 24. a) Find the margin of error for a 90% confidence interval for the population mean. b) If the sample size had been 40 would the margin of error have been larger or smaller. Explain why.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Basics (types, similarity, etc)
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning