The values measured from a data source follow normal distribution with mean μ and standard deviation...
The values measured from a data source follow normal distribution with mean μ and standard deviation σ. Based on the 7 observed values the determined 95% confident interval for μ was [5.1,7.3].
Part 1: What is the probability that parameter μ belongs to interval [5.1,7.3]?
a. 0.05
b. 0.95
c. 0.95/sqrt(7)
d. The reasonable answer cannot be given without determining at first the prior distribution for parameter μ
Part 2: The trial was decided to repeat again. From the data source 7 new values were measured and based on which the 95% confident interval was recalculated. What is the probability that the new produced interval estimate contains parameter μ?
a. 0.05
b. 0.95
c. 0.95/7–√
d. The reasonable answer cannot be given without determining at first the prior distribution for parameter μ.
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The values measured from a data source follow normal
distribution with mean μ and standard deviation...
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