In: Statistics and Probability
Construct the confidence interval for the population mean mu. cequals0.98, x overbar equals 16.9, sigmaequals9.0, and nequals50 A 98% confidence interval for mu is left parenthesis nothing comma nothing right parenthesis . (Round to one decimal place as needed.)
Solution :
Given that,
Point estimate = sample mean = = 16.9
Population standard deviation = = 9.0
Sample size = n = 50
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
Z/2 = Z0.01= 2.326
Margin of error = E = Z/2* ( /n)
= 2.326 * ( 9.0/ 50)
= 3.0
At 98% confidence interval estimate of the population mean is,
- E < < + E
16.9 - 3.0 < < 16.9 + 3.0
13.9 < < 19.9
(13.9 , 19.9)