In: Statistics and Probability
If Upper X overbar=103
sigmaσ=8
and
n=65
Construct a 95% confidence interval estimate of the population mean u
_______ is less than or equal to u ______ less than or equal to
interval estimate should be rounded to two decimal points please
construct a
9595%
confidence interval estimate of the population mean, mu .μ.
nothingless than or equals≤muμless than or equals≤nothing
Solution :
Given that,
Point estimate = sample mean =
= 103
Population standard deviation =
= 8
Sample size = n = 65
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 * ( 8/
65 )
= 1.94
At 95% confidence interval estimate of the population mean is,
- E <
<
+ E
103 - 1.94 <
< 103 + 1.94
10.06 <
< 104.94