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15 Oct 2018
Agri-Beef Inc. operates cattle feed lots in several midwestern states. The company wishes to estimate the average daily weight gain of cattle on their lots. To do this a simple random sample of cattle is taken and the daily weight gain is recorded. The date below, in pounds, represent the results of the sample.
5.6
6.0
6.6
6.9
6.7
5.8
7.3
6.0
5.7
5.7
5.2
5.5
6.7
6.7
6.6
a. Construct a 95% confidence interval estimate for the true daily weight gain.
b. Construct a 99% confidence interval estimate for the true daily weight gain.
c. Discuss the differences between the two estimates found in parts a and b and indicate the advantages and disadvantages of each.
Agri-Beef Inc. operates cattle feed lots in several midwestern states. The company wishes to estimate the average daily weight gain of cattle on their lots. To do this a simple random sample of cattle is taken and the daily weight gain is recorded. The date below, in pounds, represent the results of the sample.
5.6
6.0
6.6
6.9
6.7
5.8
7.3
6.0
5.7
5.7
5.2
5.5
6.7
6.7
6.6
a. Construct a 95% confidence interval estimate for the true daily weight gain.
b. Construct a 99% confidence interval estimate for the true daily weight gain.
c. Discuss the differences between the two estimates found in parts a and b and indicate the advantages and disadvantages of each.
Patrina SchowalterLv2
16 Oct 2018
