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If x(overbar) =103 and sigma=8 and n=65 construct a 95% confidence interval estimate of the population...

If x(overbar) =103 and sigma=8 and n=65 construct a 95% confidence interval estimate of the population mean, u

Solutions

Expert Solution

Solution :

Given that,

Point estimate = sample mean = = 103

Population standard deviation =    = 8

Sample size = n =65

At 95% confidence level the z is ,

= 1 - 95% = 1 - 0.95 = 0.05

/ 2 = 0.05 / 2 = 0.025

Z/2 = Z0.025 = 1.96


Margin of error = E = Z/2 * ( /n)

= 196 * (8 /   65)

= 1.94
At 95% confidence interval estimate of the population mean
is,

- E < < + E

103 - 1.94 <   < 103 + 1.94

101.06 <   < 104.94


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