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Chapter 7 Exercises

This document discusses key concepts related to estimating population parameters from sample data, including: 1. Point estimates are single values used to estimate population parameters like the mean, while confidence intervals provide a range of plausible values for the population parameter based on the sample data. 2. Confidence intervals for proportions are based on approximating the binomial with the uniform distribution, while intervals for means use 1.96 standard deviations above and below the sample mean when the population standard deviation is unknown. 3. Sample sizes need to be sufficiently large to estimate population parameters within a desired level of precision or margin of error, with the required sample size increasing as the desired confidence level or precision increases.

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Fatbardha Morina
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145 views4 pages

Chapter 7 Exercises

This document discusses key concepts related to estimating population parameters from sample data, including: 1. Point estimates are single values used to estimate population parameters like the mean, while confidence intervals provide a range of plausible values for the population parameter based on the sample data. 2. Confidence intervals for proportions are based on approximating the binomial with the uniform distribution, while intervals for means use 1.96 standard deviations above and below the sample mean when the population standard deviation is unknown. 3. Sample sizes need to be sufficiently large to estimate population parameters within a desired level of precision or margin of error, with the required sample size increasing as the desired confidence level or precision increases.

Uploaded by

Fatbardha Morina
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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1. A point estimate is a single value used to estimate a population parameter.

2. A confidence interval for a population proportion is based on using the uniform distribution to
approximate the binomial distribution.

3. The 95 percent confidence interval states that 95 percent of the sample means of a specified
sample size selected from a population will lie within plus and minus 1.96 standard deviations of
the hypothesized population mean.

4. The t distribution is based on the assumption that the population of interest is normal or nearly
normal.

5. The test statistic for a problem involving any sample size and an unknown population standard
deviation is the z distribution.

6. The mean number of travel days per year for salespeople employed by hardware distributors
needs to be estimated with a 0.90 degree of confidence. For a small pilot study the mean was 150
days and the standard deviation was 14 days. If the population mean is estimated within two
days, how many salespeople should be sampled?
A. 134
B. 452
C. 511
D. 2100

7. A random sample of 85 group leaders and supervisors revealed that they worked an average of
6.5 years before being promoted. The population standard deviation was 1.7 years. Using the
0.95 degree of confidence, what is the confidence interval for the population mean?
A. 6.99 and 7.99
B. 4.15 and 7.15
C. 6.14 and 6.86
D. 6.49 and 7.49

8. A bank wishes to estimate the mean credit card balance owed by its customers. The population
standard deviation is estimated to be $300. If a 98 percent confidence interval is used and an
interval of $75 is desired, how many customers should be sampled?
A. 44
B. 212
C. 629
D. 87
9. Which of the following would be used as a point estimate for the population mean ( µ )?
A. 
B.
C.
D. s

10. Which statement(s) is/are correct about the t distribution?


A. Mean = 0
B. Symmetric
C. Based on degrees of freedom
D. All of these are correct

11. A random sample of 20 items is selected from a population. To determine the appropriate
critical t-value what number of degrees of freedom should be used?
A. 20
B. 19
C. 21
D. 25

12. Which of the following is NOT necessary to determine how large a sample to select from a
population?
A. Level of confidence in estimating the population parameter
B. Size of the population
C. Maximum allowable error in estimating the population parameter
D. Estimate of the population variation

13. A sample mean is the best point estimate of


A. the population standard deviation
B. the population median
C. the population mean
D. the sample standard deviation

14. A random sample of 42 college graduates revealed that they worked an average of 5.5 years
on the job before being promoted. The sample standard deviation was 1.1 years. Using the 0.99
degree of confidence, what is the confidence interval for the population mean?
A. 5.04 and 5.96
B. 5.06 and 5.94
C. 2.67 and 8.33
D. 4.40 and 6.60
15. A local retail company wants to estimate the mean amount spent. Their budget limits the
number of surveys to 225. What is their maximum error of the estimated mean amount spent for
a 99% level of confidence and an estimated standard deviation of $10.00?
A. $10
B. $1.00
C. 1%
D. $1.72

15. A survey of an urban university (population of 25,450) showed that 870 of 1100 students
sampled supported a fee increase to fund improvements to the student recreation center. Using
the 95% level of confidence, what is the confidence interval for the proportion of students
supporting the fee increase?
A. [0.767, 0.814]
B. [0.759, 0.822]
C. [0.771, 0.811]
D. [0.714, 0.866]

16. Assuming a population standard deviation of 3 hours, what is the required sample size if the
error should be less than ½ hour with a 99% level of confidence?
A. 196
B. 240
C. 15
D. 16

CHAPTER 7

Exercises 7-1

11 pg 379

12 pg 379

17 pg 380

Exercises 7-2

3 pg 387

11 pg 387
Exercises 7-3

1 pg 395

9 pg 396

Exercises 7-4

3 pg 404

8 pg 404

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