Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 14 - Section 14.2 - Assess Your Understanding - Applying the Concepts - Page 698: 13e

Answer

The interval constructed in part (d) is larger then the interval constructed in part (b). It is because the interval in part (b) was made for the mean and the interval in part (d) for a randomly selected month in which the rate of return on the S&P 500 is 4.2%. The mean has less variability than an individual.

Work Step by Step

Given above.
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