You are given the following information obtained from a random sample of 6 observations. Assume the population has a normal distribution.
a.What is the point estimate of $\mu$?
b.Construct an 80% confidence interval for $\mu$.
c.Construct a 98% confidence interval for $\mu$.
d.Discuss why the 80% and 98% confidence intervals are different.

Question

You are given the following information obtained from a random sample of 6 observations. Assume the population has a normal distribution.  
a.What is the point estimate of $\mu$?
b.Construct an 80% confidence interval for $\mu$.
c.Construct a 98% confidence interval for $\mu$.
d.Discuss why the 80% and 98% confidence intervals are different.

Quizplus · Accepted Answer

The Answer of You are given the following information obtained from a random sample of 6 observations. Assume the population has a normal distribution.  
a.What is the point estimate of $\mu$?
b.Construct an 80% confidence interval for $\mu$.
c.Construct a 98% confidence interval for $\mu$.
d.Discuss why the 80% and 98% confidence intervals are different.

You Are Given the Following Information Obtained from a Random μ\muμ

You Are Given the Following Information Obtained from a Random $\mu$