In: Math
Suppose you are trying to determine the capacity (in gallons) of
the gas tank needed on an airplane you are constructing. You want
to be able to travel 3200 nautical miles without stopping, and have
gathered data on the amount of fuel similar planes used during
flights of comparable length. Show complete calculation and your
steps, also interpetation and explanation as asked.
Consider a sample with the following properties: x̅ = 261.5, s =
18.73, n = 26
A) Calculate a confidence interval with α = 0.10
B) Calculate a confidence interval with α = 0.01
C) How would you interpret the results for the confidence interval
from part B?
a)
sample mean, xbar = 261.5
sample standard deviation, s = 18.73
sample size, n = 26
degrees of freedom, df = n - 1 = 25
Given CI level is 90%, hence α = 1 - 0.9 = 0.1
α/2 = 0.1/2 = 0.05, tc = t(α/2, df) = 1.708
ME = tc * s/sqrt(n)
ME = 1.708 * 18.73/sqrt(26)
ME = 6.274
CI = (xbar - tc * s/sqrt(n) , xbar + tc * s/sqrt(n))
CI = (261.5 - 1.708 * 18.73/sqrt(26) , 261.5 + 1.708 *
18.73/sqrt(26))
CI = (255.23 , 267.77)
b)
sample mean, xbar = 261.5
sample standard deviation, s = 18.73
sample size, n = 26
degrees of freedom, df = n - 1 = 25
Given CI level is 99%, hence α = 1 - 0.99 = 0.01
α/2 = 0.01/2 = 0.005, tc = t(α/2, df) = 2.787
ME = tc * s/sqrt(n)
ME = 2.787 * 18.73/sqrt(26)
ME = 10.237
CI = (xbar - tc * s/sqrt(n) , xbar + tc * s/sqrt(n))
CI = (261.5 - 2.787 * 18.73/sqrt(26) , 261.5 + 2.787 *
18.73/sqrt(26))
CI = (251.26 , 271.74)
c)
Therefore, based on the data provided, the 99% confidence interval for the population mean is 251.26 < μ < 271.74 which indicates that we are 99% confident that the true population mean μ is contained by the interval (251.26 , 271.74)