You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare...


You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population<br>mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.<br>A random sample of 45 home theater systems has a mean price of $117.00. Assume the population standard deviation is $18.30.<br>Construct a 90% confidence interval for the population mean.<br>The 90% confidence interval is ( ).<br>(Round to two decimal places as needed.)<br>Construct a 95% confidence interval for the population mean.<br>The 95% confidence interval is (.).<br>(Round to two decimal places as needed.)<br>Interpret the results. Choose the correct answer below.<br>O A. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in<br>the second interval, The 95% confidence interval is wider than the 90%.<br>O B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price<br>lies in the second interval. The 95% confidence interval is wider than the 90%.<br>O C. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price<br>lies in the second interval. The 95% confidence interval is narrower than the 90%.<br>

Extracted text: You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals. A random sample of 45 home theater systems has a mean price of $117.00. Assume the population standard deviation is $18.30. Construct a 90% confidence interval for the population mean. The 90% confidence interval is ( ). (Round to two decimal places as needed.) Construct a 95% confidence interval for the population mean. The 95% confidence interval is (.). (Round to two decimal places as needed.) Interpret the results. Choose the correct answer below. O A. With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval, The 95% confidence interval is wider than the 90%. O B. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90%. O C. With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%.
Jun 10, 2022
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