Suppose an economics program is interested in determining the average number of students who go on to a graduate program. From the same grade, they take a sample of 35 students and a sample of 75 students. Which of these two samples would be expect to have a smaller margin of error? They should have the same margin of error The first because there are fewer students in the sample The second because the number of students is greater in that sample We need more information to make the determination

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Suppose an economics program is interested in determining the average number of students who go on to a graduate program. From the
same grade, they take a sample of 35 students and a sample of 75 students. Which of these two samples would be expect to have a
smaller margin of error?
They should have the same margin of error
The first because there are fewer students in the sample
The second because the number of students is greater in that sample
We need more information to make the determination
Transcribed Image Text:Suppose an economics program is interested in determining the average number of students who go on to a graduate program. From the same grade, they take a sample of 35 students and a sample of 75 students. Which of these two samples would be expect to have a smaller margin of error? They should have the same margin of error The first because there are fewer students in the sample The second because the number of students is greater in that sample We need more information to make the determination
Using a confidence interval:
We can determine exactly what the population mean is
O Determine how confident we are in our regression results
The range of possible values for our population mean
We get a range of values for that we believe we can find the population means for a given confidence level
Transcribed Image Text:Using a confidence interval: We can determine exactly what the population mean is O Determine how confident we are in our regression results The range of possible values for our population mean We get a range of values for that we believe we can find the population means for a given confidence level
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman