Alabama Southern Community Theoretical Interpretation of The Interval Questions
Question Description
- Copy and paste a printout for a 92% confidence interval for the mean size/mileage of all automobiles/homes/apartments(you will show one confidence interval using a 75 cases) in the space provided below. Answer the following questions regarding this printout:
- Copy and paste a 90% confidence interval for the mean price of all automobiles/homes/apartments from model/location 1 in the space provided. Answer the following questions regarding this printout:
- TESTS OF HYPOTHESIS:Use Statistix to create a printout to conduct the appropriate test for the data set you worked with: Use only model/location 3 in this analysis.
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- In the words of the problem, give a practical interpretation of this interval.
- Give a theoretical interpretation of the interval (i.e., explain what we mean when we say we are 92% confident.
- Is the sample size for this problem considered large? Why or why not?
- Pick the claim based on your data set:
- Is the sample size for this problem considered large? Why or why not?
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What assumptions are necessary for this confidence interval to be valid? Make sure you use the words of the problem when stating these assumptions.
The mean price of all model 1 automobiles is $10,000.
The mean price of all location 1 homes is $250,000.
The mean rent of all location 1 apartments is $1,200.
Based on the interval you created, make a statement regarding my claim.
Apartment Data Set: Test to determine if the average size differed from 750 square feet.
Automobile Data Set: Test to determine if the average mileage differed from 30,000 miles.
Home Data Set: Test to determine if the average size of the home differed from 1,800 square feet.
Copy the results here and answer the following questions.
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- State the null and alternative hypotheses that are being tested with the specified test.
- Identify the test statistic and p-value you will use in this test of hypothesis
- What assumption(s) is/are necessary for this analysis to be valid? Make sure you state your answer in the words of the problem
- Make a conclusion for the test of hypothesis conducted above.You should choose alpha.
Ho:
Ha:
Test Statistic:____________P-value:___________
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