In: Statistics and Probability
Construct the confidence interval for the population mean ?.
c=0.98
x = 15.6
?=3.0
and
=65
A
98% confidence interval for ? is...
?(Round to one decimal place as? needed.)
Solution :
Given that,
= 15.6
= 3.0
n = 65
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 * (3.0 / 65)
= 0.9
At 98% confidence interval estimate of the population mean is,
- E < < + E
15.6 - 0.9 < < 15.6 + 0.9
14.7< < 16.5
(14.7 , 16.5)