In: Statistics and Probability
A sample of 100 items has a population standard deviation of 5.1 and a mean of 21.6. Construct a 95 percent confidence interval for ?.
Solution :
Given that,
= 21.6
= 5.1
n = 100
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
Margin of error = E = Z/2* ( /n)
=1.96 * (5.1 / 100)
= 0.9996
At 95% confidence interval estimate of the population mean is,
- E < < + E
21.6 - 0.9996 < < 21.6 + 0.9996
20.6004 < < 22.5996
(20.6004 , 22.5996 )