Which of the following is the correct formula for the -period weighted moving average?
Table of contents
- 1. Intro to Stats and Collecting Data1h 14m
- 2. Describing Data with Tables and Graphs1h 55m
- 3. Describing Data Numerically2h 5m
- 4. Probability2h 16m
- 5. Binomial Distribution & Discrete Random Variables3h 6m
- 6. Normal Distribution and Continuous Random Variables2h 11m
- 7. Sampling Distributions & Confidence Intervals: Mean3h 23m
- Sampling Distribution of the Sample Mean and Central Limit Theorem19m
- Distribution of Sample Mean - Excel23m
- Introduction to Confidence Intervals15m
- Confidence Intervals for Population Mean1h 18m
- Determining the Minimum Sample Size Required12m
- Finding Probabilities and T Critical Values - Excel28m
- Confidence Intervals for Population Means - Excel25m
- 8. Sampling Distributions & Confidence Intervals: Proportion2h 10m
- 9. Hypothesis Testing for One Sample5h 8m
- Steps in Hypothesis Testing1h 6m
- Performing Hypothesis Tests: Means1h 4m
- Hypothesis Testing: Means - Excel42m
- Performing Hypothesis Tests: Proportions37m
- Hypothesis Testing: Proportions - Excel27m
- Performing Hypothesis Tests: Variance12m
- Critical Values and Rejection Regions28m
- Link Between Confidence Intervals and Hypothesis Testing12m
- Type I & Type II Errors16m
- 10. Hypothesis Testing for Two Samples5h 37m
- Two Proportions1h 13m
- Two Proportions Hypothesis Test - Excel28m
- Two Means - Unknown, Unequal Variance1h 3m
- Two Means - Unknown Variances Hypothesis Test - Excel12m
- Two Means - Unknown, Equal Variance15m
- Two Means - Unknown, Equal Variances Hypothesis Test - Excel9m
- Two Means - Known Variance12m
- Two Means - Sigma Known Hypothesis Test - Excel21m
- Two Means - Matched Pairs (Dependent Samples)42m
- Matched Pairs Hypothesis Test - Excel12m
- Two Variances and F Distribution29m
- Two Variances - Graphing Calculator16m
- 11. Correlation1h 24m
- 12. Regression3h 33m
- Linear Regression & Least Squares Method26m
- Residuals12m
- Coefficient of Determination12m
- Regression Line Equation and Coefficient of Determination - Excel8m
- Finding Residuals and Creating Residual Plots - Excel11m
- Inferences for Slope31m
- Enabling Data Analysis Toolpak1m
- Regression Readout of the Data Analysis Toolpak - Excel21m
- Prediction Intervals13m
- Prediction Intervals - Excel19m
- Multiple Regression - Excel29m
- Quadratic Regression15m
- Quadratic Regression - Excel10m
- 13. Chi-Square Tests & Goodness of Fit2h 21m
- 14. ANOVA2h 28m
7. Sampling Distributions & Confidence Intervals: Mean
Introduction to Confidence Intervals
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Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
For a specific confidence level, what happens to the width of a confidence interval for the mean as the sample size increases (assuming population standard deviation is known)? The confidence interval for the mean is typically given by , where is the sample size.
A
The width of the confidence interval stays the same.
B
The width of the confidence interval increases.
C
The width of the confidence interval decreases.
D
The width of the confidence interval first increases, then decreases.
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Verified step by step guidance1
Recall the formula for the confidence interval for the mean when the population standard deviation \( \sigma \) is known:
\[ \text{CI} = \bar{x} \pm z_{\alpha/2} \times \frac{\sigma}{\sqrt{n}} \]
where \( \bar{x} \) is the sample mean, \( z_{\alpha/2} \) is the critical z-value for the confidence level, \( \sigma \) is the population standard deviation, and \( n \) is the sample size.
Focus on the width of the confidence interval, which is twice the margin of error:
\[ \text{Width} = 2 \times z_{\alpha/2} \times \frac{\sigma}{\sqrt{n}} \]
Notice that the width depends on \( \frac{1}{\sqrt{n}} \), meaning it is inversely proportional to the square root of the sample size \( n \).
As the sample size \( n \) increases, the denominator \( \sqrt{n} \) increases, which causes the fraction \( \frac{\sigma}{\sqrt{n}} \) to decrease.
Therefore, increasing the sample size \( n \) results in a smaller margin of error and thus a narrower confidence interval, meaning the width of the confidence interval decreases.
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