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