Determine a 95 condence interval around this estimate of


The intrinsic variations in the measured amount of pollution contained in water samples from rivers and streams in a mining region of West Central United States is known to be a normally distributed random variable with a fairly stable standard deviation of 5 milligrams of solids per liter. As an EPA inspector who wishes to test a random selection of n water samples in order to determine the mean daily rate of pollution within ±1 milligram per liter with 95% con?dence, how many water samples will you need to take? A selection of 6 randomly selected water samples returned a mean value of 40 milligrams per liter and what seems like an excessive variance of 30 (mg/liter)2.

Determine a 95% con?dence interval around this estimate of σ2 and comment on whether or not this value is excessive compared to the assumed population value.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Determine a 95 condence interval around this estimate of
Reference No:- TGS01349726

Expected delivery within 24 Hours