You expect that approximately 95 of these intervals will


We know that IQs are normally distributed with a mean of 100 and standard deviations of 15. Suppose you want to verify this, so you take 100 random samples of size four each and, for each sample, find a 95% confidence interval for the mean IQ. You expect that approximately 95 of these intervals will contain the true mean IQ (100) and approximately five of these intervals will not contain the true mean. Use simulation in Excel to see whether this is the case.

Solution Preview :

Prepared by a verified Expert
Finance Basics: You expect that approximately 95 of these intervals will
Reference No:- TGS01610706

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)