2. 95% confidence interval: X(i) ~ iidsample n = 50. a. For a 95% confidence interval for the sample average X, explain
Posted: Mon Jul 11, 2022 11:55 am
2. 95% confidence interval: X(i) ~ iidsample n = 50. a. For a 95% confidence interval for the sample average X, explain in detail what happens 95% of the time. b. Draw a picture of (a). Draw a picture of 95% probability interval for X. Compare the two pictures and explain the differences between them if there are any. c. Describe Monte Carlo algorithm for checking your explanation in (a).