1. Critical t value from the table is 2.145.

The mean is 24050.667 and the standard deviation is 17386.129

The sample size is 15, so df =15−1=14

1 7386.129
95% Confidence Interval = 24050.667 ± 2.145 ( √ 15 )
¿ 24050.667 ± 9 629.075
¿(3 3679.742 , 14 421. 592)

95% confident that the average amount winners could bring home is between
$33679.742 and $14421.592.

2. n = 120
X = the number of successes in the sample = 90

x 90
p' = = =0.75
n 120
p’= 0.75 is the sample proportion; the point estimate of the population
proportion.

1 – p’ = 0.25

95% Confidence Interval, then a = 1 – CL = 1 – 0.95 = 0.05

a
=0.025
2

z a /2=z 0.025=1.96

p' ( 1− p' ) p ' (1−p ' )

p' −z a
√ n
≤ p ≤ p'+ za √

0.75 ( 0.25 )
n
0.75 (0.25)
¿ 0.75−1.96
√ 120
≤ p ≤ 0.75+1.96 √
120

¿ 0.673 ≤ p ≤ 0.827

3.
a) n = 50
x̄ = 100
sd = 25

x' −μ
N (0,1)
s /√ n

¿ [100−1.65× ( √2550 ) ,100+ 1.65× ( √2550 )]

¿ [94.166 , 105.834 ]
 b) 95% CI
[100−1. 96 × ( √2550 ), 100+1. 96 × ( √2550 )]
¿ [9 3.070 , 106.930]

c) 99% CI
[100−2.58 × ( √2550 ), 100+2.58 × ( √2550 )]
¿ [9 0.878 , 10 9.122]

d) As the confidence level increase, it widens the confidence interval, in which the
wider the interval is, it’s more near to the true parameter, and the margin of
error increases.

4.
H a : μ<8.2

H 0 :μ ≥ 8.2