1. Suppose a 99 % CI was provided: (15.2, 16.4), does this mean that 99 % of students take between 15.2 and 16.4 credits per semester? What was the sample mean used? What was the maximum error of the CI?
Solution :-
Given :-
Lower Confidence interval = 15.2
Upper Confidence interval = 16.4
Yes , 99 % of students take between 15.2 and 16.4 credits per semester.
because,Interval from 15.2 to 16.4 Actually does contain the true value of mean.
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Sample Mean = ( Lower Confidence interval + Upper Confidence interval ) / 2
Sample Mean = ( 15.2 + 16.4 ) / 2
Sample Mean = 15.8
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Maximum Error = Upper Confidence interval - Mean
Maximum Error = 16.4 - 15.8
Maximum Error = 0.6
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