Exam 10: Confidence Intervals

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In estimating the sample size necessary to estimate a population mean, the error of estimation, E, is equal to the difference between the sample mean and the sample standard deviation.

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Eugene Gates, Marketing Director of Mansfield Motors Manufacturers, Inc.'s Electrical Division, is leading a study to assess the relative importance of product features. An item on a survey questionnaire distributed to 100 of Mansfield's customers asked them to rate the importance of "ease of maintenance" on a scale of 1 to 10 (with 1 meaning "not important" and 10 meaning "highly important"). His staff assembled the following statistics: Eugene Gates, Marketing Director of Mansfield Motors Manufacturers, Inc.'s Electrical Division, is leading a study to assess the relative importance of product features. An item on a survey questionnaire distributed to 100 of Mansfield's customers asked them to rate the importance of ease of maintenance on a scale of 1 to 10 (with 1 meaning not important and 10 meaning highly important). His staff assembled the following statistics:   If Eugene concludes that the average rate of ease of maintenance for all customers is 7.5, he is using ___. If Eugene concludes that the average rate of "ease of maintenance" for all customers is 7.5, he is using ___.

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