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Name: __________________ 1 Class: Date: _____________ True-False. One can reduce the width of a confidence interval by taking a smaller sample size. 2 True-False. A 95% confidence interval estimate for a population mean 80%, the confidence interval for becomes narrower. 3 is determined to be 75 to 85. If the confidence level is reduced to A survey of 100 retailers revealed that the mean after-tax profit was $80,000. If we assume that the population standard deviation is $15,000, determine the 95% confidence interval estimate of the mean after-tax profit for all retailers. _________ 4 The temperature readings for 20 winter days in Grand Rapids, Michigan are normally distributed with a mean of 5.5 degrees and a standard deviation of 1.5. Determine the 90% confidence interval estimate for the winter mean temperature. _________ 5 An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What is the upper end point in a 99% confidence interval for the average income? Enter your answer to the nearest cent. _________ 6 The sample size needed to estimate a population mean within 2 units with a 95% confidence when the population standard deviation equals 8 is: a. 9 7 d. 8 b. 165 c. 164 d. 163 The sample size needed to estimate a population mean to within 10 units was found to be 68. If the population standard deviation was 50, then the confidence level used was: a. 99% 9 c. 62 To estimate with 99% confidence the mean of a normal population, whose standard deviation is assumed to be 6 and the maximum allowable sampling error is assumed to be 1.2, requires a random sample of size: a. 166 8 b. 61 b. 95% c. 90% d. 80% True-False. In determining the sample size n needed to estimate the population mean, n decreases as the population standard deviation decreases. PAGE 1 Name: __________________ Class: Date: _____________ 10 A random sample of 10 college students was drawn from a large university. Their ages are 22, 17, 27, 20, 23, 19, 24, 18, 19, and 24 years. Estimate the population mean with 90% confidence. _________ 11 A confidence interval was used to estimate the proportion of international students. A random sample of 72 students generated the following 90% confidence interval: (0.438, 0.642). Using the information above, what size sample would be necessary if we wanted to estimate the true proportion to within 0.08 using 95% confidence? a. 105 b. 150 c. 420 d. 597 12 A sample of 150 students at a particular college showed that 45 students favor pass-fail elective courses. Provide a 95% confidence interval estimate of the proportion of the population of students who favor pass-fail grades for elective courses. _________ Enter your answer in the form (LL,UL) where LL= lower class limit and UL = upper class limit. Include the parentheses. Enter your answers to three decimal places PAGE 2 ANSWER KEY Lueker Summer2008 HW7 1. False 2. True 7. a 8. c ANSWER KEY - Page 1 3. ( $77060,$82940 ) 9. True ( 4.9483,6.0517 ) 10. ( 19.446,23.154 ) 4. 5. $15364.16 6. c 11. b 12. ( 0.227,0.373 )