In: Statistics and Probability
The average thickness of a flange on an aircraft component is found to be 1 mm (from a sample of 36 measurements). a) Find the 95% and 99% confidence intervals for the mean thickness. Assume the population standard deviation is 0.1 mm. b) If we want to be 95% confident that our estimate of µ is off by less than 0.02 mm, how large of a sample is required?
Solution :
Given that,
Point estimate = sample mean =
= 1 mm
Population standard deviation =
= 0.1 mm
Sample size = n = 36
a) At 95% confidence level
= 1 - 95%
= 1 - 0.95 =0.05
/2
= 0.025
Z/2
= Z0.025 = 1.96
Margin of error = E = Z/2
* (
/n)
= 1.96 * ( 0.1 / 36
)
= 0.03
At 95% confidence interval estimate of the population mean is,
± E
1 ± 0.03
( 0.97mm, 1.03 mm )
At 99% confidence level
= 1 - 99%
= 1 - 0.99 =0.01
/2
= 0.005
Z/2
= Z0.005 = 2.576
Margin of error = E = Z/2
* (
/n)
= 2.576 * ( 0.1 / 36
)
= 0.04
At 99% confidence interval estimate of the population mean is,
± E
1 ± 0.04
( 0.96mm, 1.04 mm )
b) Margin of error = E = 0.02 mm
At 95% confidence level the z is,
= 1 - 95%
= 1 - 0.95 = 0.05
/2 = 0.025
Z/2 = Z0.025 = 1.96
sample size = n = [Z/2* / E] 2
n = [1.96 * 0.1/ 0.02 ]2
n = 96.04
Sample size = n = 97