In: Math
Solution:
We are given a data of sample size n=15.
3.8, 3.1, 3.7, 4.9, 2.9, 4.1, 3.7, 4.3, 4.7, 4.3, 4.2, 3.9, 3.0, 4.0, 3.6
Using this, first we find sample mean()
and sample standard deviation(s).
=
= 3.88
Now ,
s=
Using given data, find Xi-
for each term.take squre for each.then we can easily find s.
s= 4.724
Point estimate = sample mean =
= 3.88
sample standard deviation = s = 4.72
sample size = n = 15
Degrees of freedom = df = n - 1 = 14
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
t
/2,df = t0.01,14 = 2.624
Margin of error = E = t/2,df
* (s /
n)
= 2.624 * (4.72 /
15)
= 3.198
The 98% confidence interval estimate of the population mean is,
- E <
<
+ E
3.88 - 3.198 <
< 3.88 + 3.198
0.682 <
< 7.078
(0.682 , 7.078)
Therefore, the 98% of the population of all college students in the state is between 0.682 and 7.078.