1. The diameter of holes for a cable harness is known to have a normal distribution with a standard deviation of 0.01 inch. A random sample of size 10 yields an average diameter of 1.5045 inch.
a. Find a 99% two-sided confidence interval on the mean hole diameter.
b. Find a 90% two-sided confidence interval on the mean hole diameter.
c. Explain the difference of the interval between the two confidence levels.
"n=10 \\\\\n\nM = 1.5045 \\\\\n\n\\sigma=0.01 \\\\\n\nCI = (M - \\frac{Z_c \\times \\sigma}{\\sqrt{n}}, M + \\frac{Z_c \\times \\sigma}{\\sqrt{n}})"
a.
"Z_c = 2.576 \\\\\n\nCI = (1.5045 - \\frac{2.576 \\times 0.01}{\\sqrt{10}}, 1.5045 + \\frac{2.576 \\times 0.01}{\\sqrt{10}}) \\\\\n\n=(1.5045 - 0.008146, 1.5045 + 0.008146) \\\\\n\n=(1.496354, 1.512746)"
b.
"Z_c = 1.645 \\\\\n\nCI = (1.5045 - \\frac{1.645 \\times 0.01}{\\sqrt{10}}, 1.5045 + \\frac{1.645 \\times 0.01}{\\sqrt{10}}) \\\\\n\n=(1.5045 - 0.005202, 1.5045 + 0.005202) \\\\\n\n=(1.499298, 1.509702)"
c. A 99 percent confidence interval is wider than a 90 percent confidence interval because to be more confident that the true population value falls within the interval we will need to allow more potential values within the interval.
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