Construct a Confidence Interval for µD, the Mean of the Differences

question 12

Multiple Choice

Construct a confidence interval for µd, the mean of the differences d for the population of paired data. Assume that the population of paired differences is normally distributed.
-Using the sample paired data below, construct a $90 \%$ confidence interval for the population mean of all differences $\mathrm { x } - \mathrm { y }$ .
$\begin{array}{c|ccccc}\mathrm{x} & 3.3 & 6.8 & 5.9 & 4.3 & 7.6 \\\hline \mathrm{y} & 3.0 & 5.6 & 5.5 & 5.0 & 5.3\end{array}$

• A) \(0.22 < \mu _ { \mathrm { d } } < 7.48\)
• B) \(- 0.37 < \mu _ { \mathrm { d } } < 1.77\)
• C) \(- 0.31 < \mu _ { \mathrm { d } } < 1.71\)
• D) \(- 0.07 < \mu _ { \mathrm { d } } < 1.47\)

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Definitions:

Flexible Capacity

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Price Uncertainty

The unpredictability of the cost of goods or services in the future, affecting budgeting and planning.

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The area available for the storage of goods in a warehouse, crucial for inventory management and logistics.