```{r data generation, echo = FALSE, results = "hide"} ## DATA GENERATION n <- sample(50:150, 1) y <- rnorm(n, runif(1, 100, 200), runif(1, 10, 15)) ## QUESTION/ANSWER GENERATION Mean <- round(mean(y), digits = 1) Var <- round(var(y), digits = 1) sd <- sqrt(Var/n) LB <- round(Mean - 1.96*sd, 3) UB <- round(Mean + 1.96*sd, 3) ``` Question ======== The daily expenses of summer tourists in Vienna are analyzed. A survey with $`r n`$ tourists is conducted. This shows that the tourists spend on average $`r Mean`$ EUR. The sample variance $s^2_{n-1}$ is equal to $`r Var`$. Determine a $95\%$ confidence interval for the average daily expenses (in EUR) of a tourist. Answerlist ---------- * What is the lower confidence bound? * What is the upper confidence bound? Solution ======== The $95\%$ confidence interval for the average expenses $\mu$ is given by: $$ \begin{aligned} & & \left[\bar{y} \, - \, 1.96\sqrt{\frac{s_{n-1}^2}{n}}, \; \bar{y} \, + \, 1.96\sqrt{\frac{s_{n-1}^2}{n}}\right] \\ & = & \left[ `r Mean` \, - \, 1.96\sqrt{\frac{`r Var`}{`r n`}}, \; `r Mean` \, + \, 1.96\sqrt{\frac{`r Var`}{`r n`}}\right] \\ & = & \left[`r LB`, \, `r UB`\right]. \end{aligned} $$ Answerlist ---------- * The lower confidence bound is $`r LB`$. * The upper confidence bound is $`r UB`$. Meta-information ============ extype: cloze exclozetype: num|num exsolution: `r LB`|`r UB` exname: Confidence interval extol: 0.01