In: Statistics and Probability
data were collected on the amount spent by 64 consumers for lunch at a major Houston restaurant. these data are contained in the file named Houston. based upon past studies the population standard deviation is known with $9.
a. at 99% confidence, what is the margin of error?
$_
b. develop a 99% confidence interval estimate of the mean amount spent for lunch?
$_ to $_
Amount |
20.50 |
14.63 |
23.77 |
29.96 |
29.49 |
32.70 |
9.20 |
20.89 |
28.87 |
15.78 |
18.16 |
12.16 |
11.22 |
16.43 |
17.66 |
9.59 |
18.89 |
19.88 |
23.11 |
20.11 |
20.34 |
20.08 |
30.36 |
21.79 |
21.18 |
19.22 |
34.13 |
27.49 |
36.55 |
18.37 |
32.27 |
12.63 |
25.53 |
27.71 |
33.81 |
21.79 |
19.16 |
26.35 |
20.01 |
26.85 |
13.63 |
17.22 |
13.17 |
20.12 |
22.11 |
22.47 |
20.36 |
35.47 |
11.85 |
17.88 |
6.83 |
30.99 |
14.62 |
18.38 |
26.85 |
25.10 |
27.55 |
25.87 |
14.37 |
15.61 |
26.46 |
24.24 |
16.66 |
20.85 |
For the given data mean is
Create the following table.
data | data-mean | (data - mean)2 |
20.50 | -1.02 | 1.0404 |
14.63 | -6.89 | 47.4721 |
23.77 | 2.25 | 5.0625 |
29.96 | 8.44 | 71.2336 |
29.49 | 7.97 | 63.5209 |
32.70 | 11.18 | 124.9924 |
9.20 | -12.32 | 151.7824 |
20.89 | -0.63 | 0.3969 |
28.87 | 7.35 | 54.0225 |
15.78 | -5.74 | 32.9476 |
18.16 | -3.36 | 11.2896 |
12.16 | -9.36 | 87.6096 |
11.22 | -10.3 | 106.09 |
16.43 | -5.09 | 25.9081 |
17.66 | -3.86 | 14.8996 |
9.59 | -11.93 | 142.3249 |
18.89 | -2.63 | 6.9169 |
19.88 | -1.64 | 2.6896 |
23.11 | 1.59 | 2.5281 |
20.11 | -1.41 | 1.9881 |
20.34 | -1.18 | 1.3924 |
20.08 | -1.44 | 2.0736 |
30.36 | 8.84 | 78.1456 |
21.79 | 0.27 | 0.0729 |
21.18 | -0.34 | 0.1156 |
19.22 | -2.3 | 5.29 |
34.13 | 12.61 | 159.0121 |
27.49 | 5.97 | 35.6409 |
36.55 | 15.03 | 225.9009 |
18.37 | -3.15 | 9.9225 |
32.27 | 10.75 | 115.5625 |
12.63 | -8.89 | 79.0321 |
25.53 | 4.01 | 16.0801 |
27.71 | 6.19 | 38.3161 |
33.81 | 12.29 | 151.0441 |
21.79 | 0.27 | 0.0729 |
19.16 | -2.36 | 5.5696 |
26.35 | 4.83 | 23.3289 |
20.01 | -1.51 | 2.2801 |
26.85 | 5.33 | 28.4089 |
13.63 | -7.89 | 62.2521 |
17.22 | -4.3 | 18.49 |
13.17 | -8.35 | 69.7225 |
20.12 | -1.4 | 1.96 |
22.11 | 0.59 | 0.3481 |
22.47 | 0.95 | 0.9025 |
20.36 | -1.16 | 1.3456 |
35.47 | 13.95 | 194.6025 |
11.85 | -9.67 | 93.5089 |
17.88 | -3.64 | 13.2496 |
Find the sum of numbers in the last column to get.
So
For 99% CI, z value is 2.58
a. So Margin of Error is
b. Hence CI is