Examlex

Solved

Construct and Interpret Confidence Intervals Regarding the Difference of Two 95%95 \%

question 55

Multiple Choice

Construct and Interpret Confidence Intervals Regarding the Difference of Two Independent Means
-Construct a 95%95 \% confidence interval for μ1μ2\mu _ { 1 } - \mu _ { 2 } . Two samples are randomly selected from normal populations.
The sample statistics are given below.
n1=11n2=18x1=4.8x2=5.2 s1=0.76 s2=0.51\begin{array} { l l } \mathrm { n } _ { 1 } = 11 & \mathrm { n } _ { 2 } = 18 \\ \overline { \mathrm { x } } 1 = 4.8 & \overline { \mathrm { x } _ { 2 } } = 5.2 \\ \mathrm {~s} _ { 1 } = 0.76 & \mathrm {~s} _ { 2 } = 0.51 \end{array}


Definitions:

Compounded Semi-Annually

Interest that is computed and added to the original amount every six months, resulting in compound interest.

Compounded Annually

A method where interest is added to the principal balance once a year, affecting the total interest earned or paid.

Compounded Monthly

A method of calculating interest where interest earned is added to the principal monthly, so each subsequent interest calculation is on an increased amount.

Monthly Compounding

A method of calculating interest whereby the interest is calculated and added to the principal amount at the end of each month.

Related Questions