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Statistics
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Statistics for Business
Quiz 7: Estimation: Single Population
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Question 81
True/False
A point estimator
1
is said to be more efficient than a point estimator
2
if Var(
1
)> Var(
2
).
Question 82
True/False
A 95% confidence interval estimate for a population mean μ is determined to be 62.8 to 73.4.If the confidence level is reduced to 90%,the confidence interval for μ becomes narrower.
Question 83
True/False
The concept of margin of error is not applicable when estimating the population proportion P.
Question 84
True/False
The sample proportion
is a biased estimator of the population proportion P.
Question 85
Essay
In a recent survey of 574 employees,15.5% indicated that they were not in favor of a particular plan.What is the level of confidence associated with the interval of 12.85% to 19.89%?
Question 86
True/False
The value of the standard error of the mean is determined by dividing the total error by the sample size.
Question 87
True/False
The bias of an unbiased estimator is equal to 1.
Question 88
Essay
You are told that a 95% confidence interval for the population mean is 17.3 to 24.5.If the population standard deviation is 18.2,how large was the sample?
Question 89
Essay
A student records the time (in minutes)it takes to commute to school for seven days.Those results are: 21,15,13,16,10,13,and 18.Assuming the population is normally distributed,develop a 95% confidence interval for the population mean.