In: Statistics and Probability
Assume that population means are to be estrimated from the samples described. Use the sample results to approximate the margin of error and 95% confidence interval. Sample Size= 144. Sample mean = 81. Sample standard deviation=6.
Solution:
Given :
Sample Size = n = 144
Sample mean =
Sample Standard Deviation = s = 6
Confidence level = c = 95%
We have to find Margin of Error and confidence interval.
Margin of Error =
Since sample size n = 144 is large ( > 30 ) . thus we can use Approximate Normal distribution.
Population standard deviation is unknown , hence we use sample estimate of standard deviation s.
we have to find z value for 95% confidence level.
Find area = ( 1 + c) / 2 = ( 1 + 0.95 ) /2 = 1.95 / 2 = 0.9750
Look in z table for area = 0.9750 and find corresponding z value.
Area 0.9750 corresponds to 1.9 and 0.06
Thus z =1.96
Thus Margin of Error =
Thus Margin of Error =
95% confidence interval is :