The mean replacement time for a random sample of 15 washing machine is 10.7 years and the standard deviation is 2.5 years. Construct 98% confidence interval for the standard deviation of the replacement of all washing machines of this type. What would be the value if the standard deviation is 2.7 years.
Now , df=degrees of freedom=n-1=15-1=14
The critical values are ,
; The Excel function is , =CHIINV(0.01,14)
; The Excel function is , =CHIINV(0.99,14)
Therefore , the 98% confidence interval for the standard deviation of the replacement of all washing machines of this type is ,
Now , the null and alternative hypothesis is ,
Decision : Here , the value of the lies in the interval (1.73,4.49)
Therefore , fail to reject Ho.
i.e. the value of the standard deviation is 2.7 years.
Get Answers For Free
Most questions answered within 1 hours.