In: Statistics and Probability
Determine the margin of error for a confidence interval to estimate the population mean with n=22 and s =14.4 for the confidence levels below
a. 80%
b.90%
c. 99%
The margin of error for an 80% confidence interval is_______?
repeat for 90% and 99%
Solution :
Given that,
s = 14.4
n = 22
Degrees of freedom = df = n - 22 = 22 - 1 = 21
a)
At 80% confidence level the t is ,
= 1 - 80% = 1 - 0.80 = 0.20
/ 2 = 0.20 / 2 = 0.10
t /2,df = t0.10,21 = 1.323
Margin of error = E = t/2,df * (s /n)
= 1.323 * (14.4 / 22)
E = 4.062
The margin of error for an 80% confidence interval is 4.062
b)
At 90% confidence level the t is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
t /2,df = t0.05,21 = 1.721
Margin of error = E = t/2,df * (s /n)
= 1.721 * (14.4 / 22)
E = 5.284
The margin of error for an 90% confidence interval is 5.284
c)
At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2,df = t0.005,21 = 2.8311
Margin of error = E = t/2,df * (s /n)
= 2.831 * (14.4 / 22)
E = 8.691
The margin of error for an 99% confidence interval is 8.691