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Mathematics, 04.04.2020 10:32 stooopid
To get an estimate of consumer spending over a holiday season in 2009, 436 randomly sampled American adults were surveyed. Their spending for the six-day period after Thanksgiving, spanning the Black Friday weekend and Cyber Monday, averaged $84.71. A 95% confidence interval based on this sample is ($80.31, $89.11). Which of the following statements are true? Select all that apply. A 90% confidence interval would be narrower than the 95% confidence interval if we don't need to be as sure about our estimate. In order to decrease the margin of error of a 95% confidence interval to a third of what is is now, we would need to use a sample 3 times larger. This confidence interval is not valid since the distribution of spending in the sample data is right skewed. The margin of error is $4.4. We are 95% confident that the average spending of these 435 American adults over this holiday season is between $80.31 and $89.11. This confidence interval is valid since the sampling distribution of sample mean would be approximately normal with sample size of 436. 95% of random samples have a sample mean between $80.31 and $89.11. We are 95% confident that the average spending of all American adults over this holiday season is between $80.31 and $89.11.
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