- #1
shalomhk
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What's the probability that a confidence interval (with alpha=10%), will have at least 85 of 100 predicted means within the calculated interval range (xbar +/- 1.645(sigma/sqrt(n)))?
I understand that on average 90% of my means will be located in this range (and I know how to find this range), but the figure 90% is an AVERAGE.
Suppose I do this experiment ONCE, and only once. What's the probability that at least (>=) 85 (of the 100, or 85%) of the mean values will be within this range?
Assumptions: Normal (by Central Limit Theorem as n=100 is greater than 30)
Thanks!
I understand that on average 90% of my means will be located in this range (and I know how to find this range), but the figure 90% is an AVERAGE.
Suppose I do this experiment ONCE, and only once. What's the probability that at least (>=) 85 (of the 100, or 85%) of the mean values will be within this range?
Assumptions: Normal (by Central Limit Theorem as n=100 is greater than 30)
Thanks!