Question

] Suppose a 90% CI for the mean per day gasoline cost (in dollars) for commuters...

] Suppose a 90% CI for the mean per day gasoline cost (in dollars) for commuters in a certain city is 4.214, 4.738 . Which (if any) of the following are correct interpretations of this CI? Answer "correct" or "not correct" for each.

a) We can be 90% confident that commuters in this city spend between $4.214 and $4.738 per day for gasoline. __________________________

b) We can be 90% confident that the actual mean per day gasoline cost for commuters in this city is somewhere between $4.214 and $4.738. __________________________

c) About 90% of commuters in this city spend between $4.214 and $4.738 per day for gasoline. __________________________

d) We can be 90% confident that most sample means for per day gasoline cost for commuters in this city will be between $4.214 and $4.738 _________________________.

Homework Answers

Answer #1

#90% CI for the mean per day gasoline cost (in dollars) for commuters in a certain city is 4.214, 4.738

# correct interpitation are

a) We can be 90% confident that commuters in this city spend between $4.214 and $4.738 per day for gasoline. _

Ans correct interpretation

b) We can be 90% confident that the actual mean per day gasoline cost for commuters in this city is somewhere between $4.214 and $4.738.

Ans not correct interpretation

c) About 90% of commuters in this city spend between $4.214 and $4.738 per day for gasoline.

Ans correct interpretation

d) We can be 90% confident that most sample means for per day gasoline cost for commuters in this city will be between $4.214 and $4.738

Ans .not correct interpretation

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that you are interested in estimating the average number of miles per gallon of gasoline...
Suppose that you are interested in estimating the average number of miles per gallon of gasoline your car can get. You calculate the miles per gallon for each of the next ten times you fill the tank. Suppose that in truth, the values for your car are bell-shaped, with a mean of 25 miles per gallon and a standard deviation of 1. Find the possible sample means you are likely to get based on your sample of ten observations. Consider...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for a random sample of 909 people age 15 or​ older, the mean amount of time spent eating or drinking per day is 1.59 hours with a standard deviation of 0.57 hour. Determine and interpret a 90​% confidence interval for the mean amount of time Americans age 15 or older spend eating and drinking each day. Select the correct choice below and fill in the...
The mean operating cost of a 737 airplane is $2,071 per day. Suppose you take a...
The mean operating cost of a 737 airplane is $2,071 per day. Suppose you take a sample of 49 of these 737 airplanes and find a mean operating cost of $2,050 with a sample standard deviation of $106. a. What is the probability that a 737 will have an operating cost that is greater than the sample mean you have found? b. What is the probability that a plane would have an operating cost that is between $2,050 and $2,088.60...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for a random sample of 978 people age 15 or​ older, the mean amount of time spent eating or drinking per day is 1.76 hours with a standard deviation of 0.67 hour. Determine and interpret a 95​% confidence interval for the mean amount of time Americans age 15 or older spend eating and drinking each day. Select the correct choice below and fill in the...
Suppose that the monthly​ cost, in​ dollars, of producing x chairs is ​C(x)=0.001x^3+0.07x^2+16x+600, and currently 90...
Suppose that the monthly​ cost, in​ dollars, of producing x chairs is ​C(x)=0.001x^3+0.07x^2+16x+600, and currently 90 chairs are produced monthly. ​a) What is the current monthly​ cost? ​b) What is the marginal cost when x= 90​? ​c) Use the result from part​ (b) to estimate the monthly cost of increasing production to 92 chairs per month. ​d) What would be the actual additional monthly cost of increasing production to 92 chairs​ monthly?
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for a random sample of 1005 people age 15 or​ older, the mean amount of time spent eating or drinking per day is 1.03 hours with a standard deviation of 0.65 hour. Complete parts ​(a) through ​(d) below. ​(c) Determine and interpret a 9595​% confidence interval for the mean amount of time Americans age 15 or older spend eating and drinking each day. Select the...
The mean cost for college textbooks per semester is $636 with a standard deviation of $117....
The mean cost for college textbooks per semester is $636 with a standard deviation of $117. If all possible random samples of size 49 are taken from this population, determine the following: a) name of the Sampling Distribution? b) mean and standard error of the sampling distribution of the mean (use the correct name and symbol for each)? c) percent of sample means that are less than $600? d) probability that sample means fall between $500 and $800? e) Below...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for a random sample of 1025 people age 15 or​ older, the mean amount of time spent eating or drinking per day is 1.46 hours with a standard deviation of 0.66 hour. Complete parts ​(a) through ​(d) below. Select the correct choice below and fill in the answer​ boxes, if​ applicable, in your choice. ​(Type integers or decimals rounded to three decimal places as needed....
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for...
A nutritionist wants to determine how much time nationally people spend eating and drinking. Suppose for a random sample of 961 people age 15 or​ older, the mean amount of time spent eating or drinking per day is 1.34 hours with a standard deviation of 0.52 hour. Complete parts ​(a) through ​(d) below. Select the correct choice below and fill in the answer​ boxes, if​ applicable, in your choice. ​(Type integers or decimals rounded to three decimal places as needed....
1a) Assume the annual day care cost per child is normally distributed with a mean of...
1a) Assume the annual day care cost per child is normally distributed with a mean of $8000 and a standard deviation of $500. In a random sample of 120 families, how many of the families would we expect to pay more than $7295 annually for day care per child? P(x > 7295) = ____% The number of families that we expect pay more than $7295 is _____ 1b) A machine used to fill gallon-sized paint cans is regulated so that...