In: Statistics and Probability
Let the following sample of 8 observations be drawn from a normal population with unknown mean and standard deviation: 25, 11, 12, 27, 26, 22, 8, 5. Use Table 2.
a. Calculate the sample mean and the sample standard deviation. (Round intermediate calculations to 4 decimal places. Round "Sample mean" to 3 decimal places and "Sample standard deviation" to 2 decimal places.)
Sample mean | |
Sample standard deviation | |
b. Construct the 95% confidence interval for the population mean. (Round "t" value to 3 decimal places and final answers to 2 decimal places.)
Confidence interval to
c. Construct the 90% confidence interval for the population mean. (Round "t" value to 3 decimal places and final answers to 2 decimal places.)
Confidence interval to
d. What happens to the margin of error as the confidence level increases from 95% to 90%?
As the confidence level increases, the margin of error becomes smaller. | |
As the confidence level increases,
the margin of error becomes larger. |
Solution: a. Calculate the sample mean and the sample standard deviation.
Answer:
Sample standard deviation is given below:
Sample standard deviation
b. Construct the 95% confidence interval for the population mean.
Answer: The 95% confidence interval for the population mean is given below:
Where
95% confidence interval is to
c. Construct the 90% confidence interval for the population mean.
Answer: The 90% confidence interval for the population mean is given below:
Where
90% confidence interval is to
d. What happens to the margin of error as the confidence level increases from 95% to 90%?
Answer: As the confidence level increases, the margin of error becomes larger.