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Statistics
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Business Statistics
Quiz 8: Interval Estimation
Path 4
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Question 1
True/False
If we want to find the required sample size for the interval estimation of the population proportion, and no reasonable estimate of this proportion is available, we assume the worst-case scenario under which
= 0.5.
Question 2
True/False
Excel does not have a special function that allows to calculate t values.
Question 3
Short Answer
A confidence interval is generally associated with a(n) ________.
Question 4
True/False
For a given confidence level 100(1 - α)% and population standard deviation σ, the width of the confidence interval for the population mean is wider, the smaller the sample size n.
Question 5
Short Answer
The ________ determine the extent of the broadness of the tails of the distribution.
Question 6
Short Answer
The width of the confidence interval is ________ times the margin of error.
Question 7
Short Answer
To construct a 95% confidence interval for µ, the sampling distribution of
must be ________.
Question 8
True/False
If a random sample of size n is taken from a normal population with a finite variance, then the statistic T =
follows the t
df
distribution with (n − 1) degrees of freedom, df.
Question 9
True/False
For a given confidence level 100(1 - α)% and sample size n, the width of the confidence interval for the population mean is narrower, the greater the population standard deviation σ.
Question 10
True/False
The t distribution table lists t
df
values for selected lower-tail probabilities and degrees of freedom df.
Question 11
True/False
The sampling distribution of
is based on a normal distribution on samples of any size.
Question 12
True/False
The t
df
distribution has broader tails than the z distribution.
Question 13
True/False
The required sample size for the interval estimation of the population mean can be computed if we specify the population standard deviation σ, the value of z
α
/2
based on the confidence level 100(1 − α)% and the desired margin of error D.
Question 14
True/False
Like the z distribution, the t
df
distribution is symmetric around 0, bell-shaped, and with tails that approach the horizontal axis and eventually cross it.
Question 15
True/False
The t
df
distribution consists of a family of distributions where the actual shape of each one depends on the degrees of freedom, df. For lower values of df, the t
df
distribution is similar to the z distribution.