For Question 12 why do you not use the true value of the population variance to calculate the confidence interval?
abcdefg
2023-08-20 05:11:12 +0000 UTC
Okay thanks
Adetona Adegbite
2023-04-29 11:51:54 +0000 UTC
Because that's the actual standard deviation, why would I need to estimate the standard deviation if they just give it to me?
Intuitive
2023-04-29 09:19:02 +0000 UTC
please in the second question, why did you use the population standard deviation and not find an estimate to calculate the confidence interval
Adetona Adegbite
2023-04-27 20:44:11 +0000 UTC
just look below the table in the data booklet, there are critical values where you can find some of the commonly used inverse values
Umanga Regmi
2023-04-12 07:44:03 +0000 UTC
oh, using a calculator, you have to press, menu + 7 and then press 3 for Inverse Normal function, make sure when you are entering your values, that Area = z value (e.g 0.995), σ = 1, µ = 0, the actual CI value for 99% is actually = 2.576, but i'm not exactly sure how he gets 2.574 but I checked online and its 2.576
Eirene Chiam
2023-03-16 06:05:22 +0000 UTC
Hey! great video. Thanks!
A question; when I put 0.995 as x in my calculator(fx-991EX) for Normal PD, I get an answer of 0.243180... whereas you get an answer of 2.574 on the video at 16:10. Why might that be?