This week you will begin working on Phase 2 of your course project. Using the same data set and variables for your selected topic, add the following information to your analysis:

Discuss the importance of constructing confidence intervals for the population mean.

What are confidence intervals?

What is a point estimate?

What is the best point estimate for the population mean? Explain.

Why do we need confidence intervals?

Based on your selected topic, evaluate the following:

Find the best point estimate of the population mean.

Construct a 95% confidence interval for the population mean. Assume that your data is normally distributed and ÃÆ’ is unknown.

Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.

Write a statement that correctly interprets the confidence interval in context of your selected topic.

Based on your selected topic, evaluate the following:

Find the best point estimate of the population mean.

Construct a 99% confidence interval for the population mean. Assume that your data is normally distributed and ÃÆ’ is unknown.

Please show your work for the construction of this confidence interval and be sure to use the Equation Editor to format your equations.

Write a statement that correctly interprets the confidence interval in context of your selected topic.

Compare and contrast your findings for the 95% and 99% confidence interval.

Did you notice any changes in your interval estimate? Explain.

What conclusion(s) can be drawn about your interval estimates when the confidence level is increased? Explain.

### Premium **Service**

- 100% Custom papers
- Any delivery date
- 100% Confidentiality
- 24/7 Customer support
- The finest writers & editors
- No hidden charges
- No resale promise

### Format and **Features**

- Approx. 275 words / page
- All paper formats (APA, MLA, Harvard, Chicago/Turabian)
- Font: 12 point Arial/Times New Roman
- Double and single spacing
- FREE bibliography page
- FREE title page

### 0% **Plagiarism**

We take all due measures in order to avoid plagiarisms in papers. We have strict fines policy towards those writers who use plagiarisms and members of QAD make sure that papers are original.