You have collected weekly earnings and age data from a sub-sample of 1,744 individualsusing the Current Population Survey in a given year. Given the overall mean of $434.49and a standard deviation of $294.67, construct a 99% confidence interval for averageearnings in the entire population. State the meaning of this interval in words, ratherthan just in numbers. If you constructed a 90% confidence interval instead, would itbe smaller or larger? What is the intuition?

Answers

Answer 1

Answer:

The 99% confidence interval for average weekly earnings in the entire population is between $416.42 and $452.66. This means that we are 99% sure that the true population mean weekly earnings is between these two values.

Due to the smaller margin of error, the confidence interval would be smaller, that is, less likely to contain the true population mean.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1 - 0.99}{2} = 0.005[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1 - \alpha[/tex].

That is z with a pvalue of [tex]1 - 0.005 = 0.995[/tex], so Z = 2.575.

Now, find the margin of error M as such

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

[tex]M = 2.575\frac{294.67}{\sqrt{1744}} = 18.17[/tex]

The lower end of the interval is the sample mean subtracted by M. So it is 434.49 - 18.17 = $416.42

The upper end of the interval is the sample mean added to M. So it is 434.49 + 18.17 = $452.66

The 99% confidence interval for average weekly earnings in the entire population is between $416.42 and $452.66. This means that we are 99% sure that the true population mean weekly earnings is between these two values.

If you constructed a 90% confidence interval instead, would it be smaller or larger? What is the intuition?

For a 90% confidence interval, we would have z = 1.645.

Looking at the margin of error formula, M and z are direct proportional, that is, as z decreases so does M. Due to the smaller margin of error, the confidence interval would be smaller, that is, less likely to contain the true population mean.


Related Questions

Wendy is making potato salad for a picnic. One sack of potatoes weighs 14 pounds.What is the weight of a sack of potatoes in ounces

Answers

Answer:

224 ounces

Step-by-step explanation:

1 pound is 16 ounces, 14 multiplied by 16 is 224

every pound equal 16 ounces so 14 × 16 = 224

HELPPPP MEEEEEEEEEEEEEEEEE

Answers

Answer: what you need

Step-by-step explanation:

I NEED HELP ASAP PLEASE

Answers

It would be c.

2(4x6)= 48
2(6x10)= 120
2(4x10)= 80

48+120+80= 248!:)
it’s a just multiply

BRAINLIEST STARS



Simplify:
4+ (15 – 14) X 6
O A. 65
B. 30
O c. 24
D. 10

Answers

It’s B. I hope you have a good day

four tenths plus four ninths

Answers

Answer:

38/45

Step-by-step explanation:

4/10+4/9 Simplify.

2/5*4/9    Find a common denominator (45).

2/5*9/9=18/45

4/9*5/5=20/45

18/45+20/45=38/45

Hope this helps and have a great day C:

help me plz.................

Answers

Answer:

[tex]\frac{1}{8}[/tex] cup

Step-by-step explanation:

[tex]y=\frac{7}{8} -\frac{1}{4}-\frac{1}{2}[/tex]

[tex]y=\frac{7}{8}-\frac{2}{8}-\frac{4}{8}[/tex]

[tex]y=\frac{7}{8}-\frac{6}{8}[/tex]

[tex]y=\frac{1}{8}[/tex]

what is the area of a circle​

Answers

The area of a circle with a radius of r is [tex]pi r^2[/tex]

30 POINTS FOR BRAINLIEST ANSWER!!!!!!!​

Answers

I think b not sure it’s the only one that makes sense

simplify the following
(4x + 3) (5x + 2) ​

Answers

Answer:

20x^2+23x+6

Step-by-step explanation:

(4x+3)(5x+2)

(4x)(5x)+2(4x)+(5x)3+3(2)

20x^2+8x+15x+6

20x^2+23x+6

Hope that helps :)

Answer:

20x^2 + 23x + 6

Step-by-step explanation:

4x (5x + 2) + 3(5x + 2)

20x^2 + 8x + 15x + 6

20x^2 + 23x + 6

Add. Simplify the answer and write it as a mixed number.
1/4+4/5+9/10

Answers

Answer:

39/20 = 1.95

That's my simplified answer

39/20 = 1 19/20

Will this help?

Step-by-step explanation:

Answer:

[tex]1\frac{19}{20}[/tex]

Step-by-step explanation:

twice the difference of v and z

Answers

Answer:

me

Step-by-step explanation:

becaus im the bes guy

If I have 2 apples and take away 1 apple, how many peanuts do I have left?

Answers

Answer:

Cannot be determined with the information given in and of itself.

Step-by-step explanation:

You would have 1 apple left. However, there is absolutely no information given about the original amount of peanuts, how many peanuts are given to you, how many peanuts are taken from you, how many apples to a peanut, etc. etc. No answer in peanuts can be given.

I would appreciate Brainliest, but no worries.

Answer:

0

Step-by-step explanation:

if you have 2 and you take one away you have 1,

you'll have 0 peanuts since apples can't become peanuts, unless you have them already or buy them; apples won't help you get peanuts.

Tasha is mixing red and white paint to make pink paint. She uses 1/3 pint of red paint to make 1/2 pint of pink paint. How much red paint would she use to make 3 1/2 pints of pink paint?

Answers

Answer:

2 1/3

Step-by-step explanation:

An online store sells flower arrangements for birthdays and other special events. In a review of their production costs, the
online store found the mean wholesale cost of one shipment of vases was ĉ = 54 dollars, with a margin of error of 5
dollars.
Construct a confidence interval for the mean cost (in dollars) for one shipment of vases.

Answers

Answer: A confidence interval for the mean cost (in dollars) for one shipment of vases = (49,59)

Step-by-step explanation:

Confidence interval for mean: Mean ± Margin of error

Given: The  online store found the mean wholesale cost of one shipment of vases was ĉ = 54 dollars, with a margin of error of 5  dollars.

A confidence interval for the mean cost (in dollars) for one shipment of vases

[tex]=(54-5, 54+5)\\\\=(49,59)[/tex]

Hence,  a confidence interval for the mean cost (in dollars) for one shipment of vases = (49,59)

which of the following is the quotient of the rational expression shown below? x/3x-1 ÷ x-2/2x​

Answers

Step-by-step explanation:

[tex] \frac{x}{3x - 1} \div \frac{x - 2}{2x} = \\ = \frac{x}{3x - 1} \times \frac{2x}{x - 2} = \\ = \frac{2 {x}^{2} }{3 {x}^{2} - 7x + 2} [/tex]

Olaf wants to buy a guitar that costs $600. He makes $3 per day. How many days will it take Olaf to save enough money to buy the guitar

Answers

Answer:

200 days

Step-by-step explanation:

600/3 = 200

Answer:

200 days

Step-by-step explanation:

Simple: You divide the cost of the guitar by the amount he gets paid per day. Hope this helps :)

A bag contains 7 red marbles, 8 blue marbles and green marbles. If two marbles are drawn out of the bag, what is the exact probability that both marbles drawn will be red?

Answers

Answer:

For this problem you will be multiplying 3 probabilities together: P(#1 is blue)*P(#2 is blue)*P(#3 is blue). For the first probability, we just need to divide the number of blue marbles by the total number of marbles which would be 8/18. For the 2nd probability, we need to remember that we have already removed 1 blue marble so that the number of blue marbles remaining is now 7 and the total number of marbles is now 17 to give us 7/17. We would repeat this process to get the third probability and then multiply all the probabilities together.

The mass of two balls is .80 kg each and they are separated by a distance of 0.25
meters. Calculate the gravitational force between the two balls.

Answers

Answer:

[tex]F=6.83\times 10^{-10}\ N[/tex]

Step-by-step explanation:

Given that,

The masses of two balls = 0.8 kg

The distance between masses = 0.25 m

We need to find the gravitational force between the two balls. The formula for the gravitational force is given by :

[tex]F=G\dfrac{m_1m_2}{r^2}\\\\F=6.67\times 10^{-11}\times \dfrac{0.8^2}{(0.25)^2}\\\\F=6.83\times 10^{-10}\ N[/tex]

So, the force between the balls is equal to [tex]6.83\times 10^{-10}\ N[/tex].

An eyewitness observes a hit-and-run accident in New York City, where 95% of the cabs are yellow and 5% are blue. A police expert believes the witness is 80% reliable. That is, the witness will correctly identify the color of a cab 80% of the time. If the cab is actually yellow, there is an 80% chance the witness will assert it is yellow, and if the cab is actually blue, there is an 80% chance the witness will assert it is blue. If a witness asserts the cab was blue, what is the probability that the cab actually was blue

Answers

Answer:

0.1739 = 17.39% probability that the cab actually was blue

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

In this question:

Event A: Witness asserts the cab is blue.

Event B: The cab is blue.

Probability of a witness assessing that a cab is blue.

20% of 95%(yellow cab, witness assesses it is blue).

80% of 5%(blue cab, witness assesses it is blue). So

[tex]P(A) = 0.2*0.95 + 0.8*0.05 = 0.23[/tex]

Probability of being blue and the witness assessing that it is blue.

80% of 5%. So

[tex]P(A \cap B) = 0.8*0.05 = 0.04[/tex]

What is the probability that the cab actually was blue?

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.04}{0.23} = 0.1739[/tex]

0.1739 = 17.39% probability that the cab actually was blue

Please help me. im giving 10 pointssss

Answers

answer: the inequality is 5 x y < 7

hope this helped, i might be wrong though

Answer:

5+y<7

I think

Step-by-step explanation:

Solve the triangle. A = 46°, a = 31, b = 27

Answers

Answer:

A=46 degrees, B=33.4 degrees, C=100.6 degrees

a=34, b=27, c=48.2

Step-by-step explanation:

(a/sin(A)) = (b/sin(B)) = (c/sin(C))

we are given

(34/sin(46)) = (27/sin(B))

34sin(B) = 26sin(46)

34sin(B) = 18.702834809

sin(B) = 0.550083377

note use inverse sin function to find angle B

B = 33.372733167 approx 33.4 degrees then

C = 180 - (46 + 33.4) = 100.6

Then, (b/sin(B)) = (c/sin(C))

27/0.550083377 = c/0.982935349

0.550083377 * c = 27 * 0.982935349

0.550083377 * c = 26.539254427

c = 48.245876056 approx 48.2 .

Lastly, you get: A=46 degrees, B=33.4 degrees, C=100.6 degrees

a=34, b=27, c=48.2

The number of students that participated in sports last year was 100. This year there are 140 students participating in sports. What is the percent of increase in the number of students participating in sports from last year to this year? __________%

Answers

Answer: 40%

Step-by-step explanation:

HOPE THIS HELPS ^^

Suppose you add two linear equations that form a system, and you get the result y = −2. How many solutions does the system have?

Answers

Answer:

This system will have 1 solution

Step-by-step explanation:

A linear system that has exactly one solution is called a consistent independent system. Consistent means that the lines intersect and independent means that the lines are distinct. Linear systems composed of lines that have the same slope and the y-intercept are said to be consistent dependent systems.

The table shows Kayden’s quiz scores for a semester. Consider this is the whole set of quizzes. Consider that Kayden took all the possible quizzes for the semester. What are the mean and the standard deviation, rounded to the nearest hundredth, for the quiz data?
Calculate the Margin of error, and give the 95% confidence range.
X

45

48

42

47

43

Mean=





Standard Deviation =

Answers

Answer:

huh what do you mean

Step-by-step explanation:

im really sorry

Help me with this question please!

Answers

Answer:

84 in²

Step-by-step explanation:

12+9=21

21x0.5=10.5

10.5x8=84

find the volume if the cylinder. round to the nearest tenth if nessesary.
A. 627.5m^3.
B. 843.4m^3.
C. 986.4^3.
D. 1017.9n^3​

Answers

The correct Answer is : B. 843.4m^3.

Question 3
Convert the following proportion score to a percentage: .3852

Answers

Answer:

The percentage score is 38.52%

Step-by-step explanation:

Conversion of a proportion to a percentage:

To convert from a proportion to a percentage, we multiply by 100%, that is, the decimal point is moved two positions to the right, and the percentage sign is placed in the number.

In this question:

Proportion .3852

0.3852*100% = 38.52%

The percentage score is 38.52%

Helppppp!!!!!!!!! Plz

Answers

The answer is 22. You would subtract 3.5 from both sides, then x=22z

1. Determine the three-dimensional figure that will be created using the following nets.

Answers

Answer:

triangular pyramid

Step-by-step explanation:

Answer:

triangular pyramid

cone

Step-by-step explanation:

Can someone please help no links and if you can explain thank you so much ​

Answers

Answer:

detail attached

Step-by-step explanation:

I think it asks you to match the corresponding base and height

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