In: Statistics and Probability
Consider the following results for independent random samples
taken from two populations.
Sample 1 | Sample 2 |
n1= 10 | n2 = 40 |
x1= 22.3 | x2= 20.3 |
s1= 2.5 |
s2 = 4.1 |
a. What is the point estimate of the difference
between the two population means (to 1 decimal)?
b. What is the degrees of freedom for
the t distribution (round
down)?
c. At 95% confidence, what is the margin of
error (to 1 decimal)?
d. What is the 95% confidence interval for the difference between the two population means (to 1 decimal)?
For the details of the given sample from two different population:
a) The point estimate would be difference between the mean as:
x1= 22.3 | x2= 20.3 |
=X1-X2
=22.3-20.3
=2
b) Since the population are independent and different hence unequal variances are assumed so, the degree of freedom is calculated as:
df=25
c) At 95% the margin of error is calculated as:
=tc×SE
Where SE is the standard error and tc is calculated using excel formula at calculated df as =T.INV.2T(0.05,25.438), which gives tc as 2.058
Now the SE is calculated as:
and Margin of error as 1.022*2.058
=2.1
d. The confidence interval is now calculated as:
={-0.1, 4.1}