In: Statistics and Probability
A simple random sample of 30 items resulted in a sample mean of 30. The population standard deviation is 15.
a. Compute the 95% confidence interval for the
population mean. Round your answers to one decimal place.
( , )
b. Assume that the same sample mean was
obtained from a sample of 120 items. Provide a 95% confidence
interval for the population mean. Round your answers to two decimal
places.
( , )
Given: Sample size = n = 30 Sample mean = = 30, Sample SD = s = 15
a. A 100(1-)% Confidence interval for the population mean can be obtained using the formula:
Critical value for t at 1 - 0.05 / 2 = 1 - 0.025 = 0.975 and for n - 1 = 30 - 1 = 29 df,
= (24.4, 35.6)
Hence, the 95% confidence interval for the population mean is (24.4, 35.6)
b. For n = 120, a 100(1-)% Confidence interval for the population mean can be obtained using the formula:
At ,
Critical value for t at 1 - 0.05 / 2 = 1 - 0.025 = 0.975 and for n - 1 = 120 - 1 = 119 df,
Using excel function,
We get t0.975,119 = 1.98.
Substituting the values,
= (27.29,32.71)
Hence, the 95% confidence interval for the population mean is (27.29,32.71)