Question

1)

A (1-a) confidence interval procedure ensures that if a large number of confidence intervals are computed, each based on n sa

2)

Suppose we are required to estimate the output from a simulation so that we are 95% confident that we are within plus or minu

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Answer #1

1) True

Reason: The 1-\alpha confidence means that if you repeat the sampling procedure a large number of times and construct a confidence interval with 1-\alpha confidence, then 1-\alpha proportion of these confidence intervals are likely to contain the true population parameter.

2.)

The required sample size rounded up to the nearest integer is 1754 unis

Explanation:

For the pilot sample,

d 3 t*s/Vп S ,

where d=half width.

Therefore,

d/n/t =s

=dvn/t 1 10 20/2.093

=21.3671

Now, using above 's' as an estimate of population standard deviation, and assuming normal distribution, we have,

= ((za/2 *o) / E) = (1.96 21.3671/1)2 1753.89

1754

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