In: Statistics and Probability
The Buffalo, New York, Chamber of Commerce wants to estimate the mean time workers who are employed in the downtown area spend getting to work. A sample of 15 workers reveals the following number of minutes spent traveling.
14 | 24 | 24 | 19 | 24 | 7 | 31 | 20 | 26 | 23 | 23 | 28 | 16 | 15 | 21 |
Click here for the Excel Data File
Develop a 98% confidence interval for the population mean. (Round your answers to 2 decimal places.)
The 98% confidence interval for teh data will be calculated using the formula:
,
where
is the criticl value of t at 98% n is the number of observations
and s is the standard deviation of the data and
is the mean of the data. We shall calculate mean by using the
formula
and
We need to square the individual observation and add them to find the values. We use the following table for this.
Time | X^2 | |
14 | 196 | |
24 | 576 | |
24 | 576 | |
19 | 361 | |
24 | 576 | |
7 | 49 | |
31 | 961 | |
20 | 400 | |
26 | 676 | |
23 | 529 | |
23 | 529 | |
28 | 784 | |
16 | 256 | |
15 | 225 | |
21 | 441 | |
Total | 315 | 7135 |
Hence the
The 98% confidence interval for the population mean=(16.87,25.13).