Mathematics, 11.02.2021 23:10 kami2006
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. From a random sample of 40 business days, the mean closing price of a certain stock was $108.50 . Assume the population standard deviation is$11.36 . The 90% confidence interval is (nothing ,nothing ).(Round to two decimal places as needed.) The 95% confidence interval is (nothing ,nothing ). (Round to two decimal places as needed.) Which interval is wider? Choose the correct answer below. The 95% confidence interval The 90% confidence interval Interpret the results. A. You can be 90% confident that the population mean price of the stock is outside the bounds of the90% confidence interval, and 95% confident for the 95% interval. B. You can be certain that the population mean price of the stock is either between the lower bounds of the 90% and 95% confidence intervals or the upper bounds of the 90% and 95% confidence intervals. C. You can be 90% confident that the population mean price of the stock is between the bounds of the 90% confidenceinterval, and 95% confident for the 95% interval. D. You can be certain that the closing price of the stock was within the 90% confidence interval for approximately 36 of the 40 days, and was within the 95% confidence interval for approximately 38 of the 40 days.
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You are given the sample mean and the population standard deviation. Use this information to constru...
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