(Step-by-Step) In the Box population experiment this year, the nominal 90% confidence interval using the simple random sample was independently constructed
Question: In the Box population experiment this year, the nominal 90% confidence interval using the simple random sample was independently constructed 27 times. Of these intervals, 24 included the true population mean. Let be the true probability that this interval, based on a SRS and properly constructed, includes the true mean .
- Ignoring any concerns you may have with the Normal approximation, compute and interpret the approximate (Wald) 95% confidence interval for .
- Repeat problem (a) using the Agresti-Coull interval.
- Obtain an exact 95% confidence interval for , using Minitab’s one-sample proportion item under Stat Basic Stat.
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