In: Statistics and Probability
A survey was conducted that asked 1016 people how many books they had read in the past year. Results indicated that x overbar = 14.9 books and s = 16.6 books. Construct a 90% confidence interval for the mean number of books people read. Interpret the interval.
Solution :
Given that,
Point estimate = sample mean = = 14.9
sample standard deviation = s = 16.6
sample size = n = 1016
Degrees of freedom = df = n - 1 = 1016 - 1 = 1015
At 90% confidence level the t is ,
= 1 - 90% = 1 - 0.90 = 0.1
/ 2 = 0.1 / 2 = 0.05
t /2,df = t0.05,1015 = 1.646
Margin of error = E = t/2,df * (s /n)
= 1.646 * ( 16.6/ 1016)
= 0.9
The 90% confidence interval estimate of the population mean is,
- E < < + E
14.9 - 0.9 < < 14.9 + 0.9
14 < < 15.8
(14 , 15.8)