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Author Question: Interpret the 95 confidence level for the population mean daily spending. What will be an ideal ... (Read 48 times)

justinmsk

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on: Jun 24, 2018
Interpret the 95 confidence level for the population mean daily spending.
 
  What will be an ideal response?

Question 2

The probability of the intersection of two events cannot be greater than either of their individual probabilities.
 
  Indicate whether the statement is true or false


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emsimon14

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Reply #1 on: Jun 24, 2018
Answer to Question 1

If independent random samples of size 35 are repeatedly selected from the population and 95 confidence intervals for each of these samples are determined, then over a very large number of repeated trials, 955 of these intervals will contain the value of the true average amount of money a typical college student spends per day during spring break.

Answer to Question 2

TRUE


justinmsk

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

zacnyjessica

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Reply 3 on: Yesterday
Excellent

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