Statistical Concepts:
Short Answer Writing Assignment
All answers should be complete sentences.
We need to find the confidence interval for the SLEEP variable. To do this, we need to find the mean and then find the maximum error. Then we can use a calculator to find the interval, (x – E, x + E).
First, find the mean. Under that column, in cell E37, type =AVERAGE(E2:E36). Under that in cell E38, type =STDEV(E2:E36). Now we can find the maximum error of the confidence interval. To find the maximum error, we use the “confidence” formula. In cell E39, type =CONFIDENCE.NORM(0.05,E38,35). The 0.05 is based on the confidence level of 95%, the E38 is the standard deviation, and 35 is the number in our sample. You then need to calculate the confidence interval by using a calculator to subtract the maximum error from the mean (x-E) and add it to the mean (x+E).
Then, you can go down to cell E40 and type =CONFIDENCE.NORM(0.01,E38,35) to find the maximum error for a 99% confidence interval. Again, you would need to use a calculator to subtract this and add this to the mean to find the actual confidence interval.
Mean ______________ Standard deviation ____________________ Predicted percentage ______________________________ Actual percentage _____________________________ Comparison ___________________________________________________ ______________________________________________________________ |
Predicted percentage between 40 and 70 ______________________________ Actual percentage _____________________________________________ Predicted percentage more than 70 miles ________________________________ Actual percentage ___________________________________________ Comparison ____________________________________________________ _______________________________________________________________ Why? __________________________________________________________ ________________________________________________________________ |
Do you need high-quality Custom Essay Writing Services?
Reviews
There are no reviews yet.