In: Statistics and Probability
1) If n= 27, x bar=38, and s=10, find the margin of error at a 90% confidence level. Give your answer to two decimal places.
2) Express the confidence interval (14.4%, 24.2%) in the form of ˆp ± M E.
Solution :
Given that,
= 38
s = 10
n = 27
Degrees of freedom = df = n - 1 = 27 - 1 = 26
At 90% confidence level the t is ,
= 1 - 90% = 1 - 0.90 = 0.1
/ 2 = 0.1 / 2 = 0.05
t /2,df = t0.05,26 =1.706
Margin of error = E = t/2,df * (s /n)
= 1.706 * (10 / 27) = 3.2832
The 90% confidence interval estimate of the population mean is,
- E < < + E
38 - 3.2832< < 38 + 3.2832
34.72 < < 41.28
(34.72 , 41.28)