Margin of Error Confidence Intervals

If the 95% Confidence Interval for a population mean is (114.56, 125.54), then is it likely that the true population mean µ is greater than 130?

• Yes

• No

• Not enough information

• I have no idea what you're asking of me

A person selects a random sample of 15 credit cards and determines the annual interest rate, in percent, of each one. The sample mean is 12.42 with a sample standard deviation of 1.3. It is desired to construct a 90% Confidence Interval.

Find the Standard Error to three decimal places.

• 0.336

• 0.33566

• 13.156

• 0.087

Which of the following is an example of an interval estimate?

• point estimate 

• critical value

• confidence interval

• statistic

A __________ gives an interval of plausible values for the _____________. 

• confidence interval, statistic

• point estimate, parameter

• point estimate, statistic

• confidence interval, parameter

Complete the equation: 
point estimate +/- _____

• standard deviation

• margin of error

• critical value

• confidence level

What can you do to reduce the margin of error? 

• increase the confidence level

• decrease the confidence level

• increase sample size

• decrease sample size

Given the interval (1.2, 1.8), what is the point estimate and the margin of error? 

• 1.5, 0.6

• 1.5, 0.3

• 1.2, 0.3

• 1.2, 0.6

Construct a 90% confidence interval of a random sample size of 19 cows with a mean of 155.526 and a standard deviation of 19.993. 

• (146.54, 164.52)

• (147.57, 163.48)

• (147.59, 163.46)

• (143.69, 167.36)

What is the critical value z* for a 99% confidence interval? 

• -2.58

• 1.96

• -1.64

• 2.58

What is the margin of error for the interval (6.8, 12.9)?

• 9.85

• 3.05

• 3.50

• 6.8