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Statistics
Study Set
Managerial Statistics
Quiz 10: Introduction to Estimation
Path 4
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Question 1
Short Answer
If the population standard deviation is guesstimated, and it turned out to be smaller than you assumed, then the sample size you calculated is ____________________ than it needs to be.
Question 2
True/False
The sample size needed to estimate a population mean to within 1 unit with 90% confidence given that the population standard deviation is 10 is 17.
Question 3
Multiple Choice
The sample size needed to estimate a population mean within 2 units with a 95% confidence when the population standard deviation equals 8 is
Question 4
Multiple Choice
The sample size needed to estimate a population mean to within 50 units was found to be 97. If the population standard deviation was 250, then the confidence level used was
Question 5
Short Answer
The sampling error for a confidence interval is also defined as the ____________________ of ____________________.
Question 6
True/False
In determining the size n needed to estimate the population mean, n increases as the confidence level decreases.
Question 7
True/False
The sample size needed to estimate the population mean was found to be 865. If the value of the population standard deviation was 75, and the maximum allowable error was 5, then the confidence level used was 95%.
Question 8
Multiple Choice
Which of the following statements is false regarding the sample size needed to estimate a population mean?
Question 9
Short Answer
If the bound on the error of estimation decreases, the sample size ____________________.
Question 10
Short Answer
When determining the required sample size for a confidence interval, you need to know the population ____________________, the confidence ____________________, and the ____________________ on the error of estimation.