Assignment #5 Confidence Intervals
Z Score Sample Questions:
Develop a confidence interval at 95%: Answer: Lower limit is 7.948 and upper limit is 8.018 for a 95% confidence interval |
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(a). Answer: lower limit .988 and upper limit 1.002 |
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(b). Answer: lower limit .989 and upper limit 1.001 |
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T Score Sample Question:
1. A new breakfast cereal is test-marketed for 1 month at stores of a large supermarket chain. The results for a sample of 16 store indicate average sales of $1,200 with a sample standard deviation of $180. Set up a 99% confidence interval estimate of the true average sales of this new breakfast cereal. |
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Answer: lower limit 1067.40 and upper limit 1332.60 |
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at 95%: lower limit 1194.54 and upper limit 1205.46 |
Click here for calculation model for confidence intervals of the mean