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Class Time:

Name:

Student learning outcomes:

  • The student will calculate the 90% confidence interval for the average cost of a home in the area in which this school is located.
  • The student will interpret confidence intervals.
  • The student will examine the effects that changing conditions has on the confidence interval.

Collect the data

Check the Real Estate section in your local newspaper or website. (Note: many papers only list them one day per week. Also, we will assume that homes come up for sale randomly.) Record thesales prices for 35 randomly selected homes recently listed in the county.

  • Complete the table:
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________

Describe the data

  • Compute the following:
    • A

      x =
    • B

      s x =
    • C

      n =
  • Define the Random Variable X , in words. X =
  • State the estimated distribution to use. Use both words and symbols.

Find the confidence interval

  • Calculate the confidence interval and the error bound.
    • A

      Confidence Interval:
    • B

      Error Bound:
  • How much area is in both tails (combined)? α =
  • How much area is in each tail? α 2 =
  • Fill in the blanks on the graph with the area in each section. Then, fill in the number line with the upper and lower limits of the confidence interval and the sample mean.
  • Some students think that a 90% confidence interval contains 90% of the data. Use the list of data on the first page and count how many of the data values lie within the confidence interval. What percent is this?Is this percent close to 90%? Explain why this percent should or should not be close to 90%.
  • How many house prices would be needed in the sample to ensure that the error was no more than $2000 for the 90% confidence interval?

Describe the confidence interval

  • In two to three complete sentences, explain what a Confidence Interval means (in general), as if you were talking to someone who has not taken statistics.
  • In one to two complete sentences, explain what this Confidence Interval means for this particular study.

Use the data to construct confidence intervals

  • Using the above information, construct a confidence interval for each confidence level given.
    Confidence level EBM / Error Bound Confidence Interval
    50%
    80%
    95%
    99%
  • What happens to the EBM as the confidence level increases? Does the width of the confidence interval increase or decrease? Explain why this happens.

Effect of an outlier

Suppose one of the values input incorrectly. Choose one data value and increase the amount by adding two extra zeroes.

  • Calculate the 90% confidence interval: _____________
  • Calculate the Error Bound: ____________
  • How does the outlier effect the width of the confidence interval?

Questions & Answers

Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
Renato
What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
?
Kyle
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
Adin
why?
Adin
what school?
Kyle
biomolecules are e building blocks of every organics and inorganic materials.
Joe
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
research.net
kanaga
sciencedirect big data base
Ernesto
Introduction about quantum dots in nanotechnology
Praveena Reply
hi
Loga
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Source:  OpenStax, Labs for collaborative statistics - teegarden. OpenStax CNX. Aug 18, 2008 Download for free at http://cnx.org/content/col10562/1.2
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