video project Car prices and confidence intervals
Description
Having Trouble Meeting Your Deadline?
Get your assignment on video project Car prices and confidence intervals completed on time. avoid delay and – ORDER NOW
In this project you will learn more about confidence intervals by collecting data about car prices in the area and then analyzing the data using confidence intervals. The car market has been booming, especially the market for electric vehicles. Let’s see what the statistics show us.
Instructions
The goal is to collect data and then confidence intervals for the mean cost of a car. Then you will interpret confidence intervals and determine the effects of changing conditions on the confidence interval. Please check the rubric for more information about grading. Each of these parts is worth 10 points and the video is also worth 10 points for a total of 50 points.
You will put together a power point presentation and have a video to go along with it. Here are the parts to cover:
- Collect the Data. Select 15 new or used cars you are interested in learning more about and check the blue book value for each one using the Kelly Blue Book Value websiteLinks to an external site.. Record the prices for the 15 different cars you chose. Try to have them be similar size but it is okay if they are not. Create a table with the data you collect. You can input it here or upload a spreadsheet or other document. Please note it is fine to have this be a convenience sample rather than a random sample for ease of data collection.
to calculate the mean and standard deviation of your sample. In one to two complete sentences, explain what this confidence interval means for this particular data.
- Use the Data to Construct Other Confidence Intervals. Do this for 80% CI, 95% CI, 99% CI. Using the given information, construct a confidence interval for 80%, 95% and 99% and show work.
- Explain how these intervals differ and why. What happens to the Error Bound Mean (EBM also know as Margin of Error) as the confidence level increases? Does the width of the confidence interval increase or decrease and why? Was this project interesting?useful? Why or why not?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.