In: Statistics and Probability
A poll was conducted that asked 1007 people how many books they had read in the past year. Results indicated that x overbarxequals=12.9 books and
s equals=16.6 books. Construct a 90%
confidence interval for the mean number of books people read.
Solution :
Given that,
Point estimate = sample mean = = 12.9
sample standard deviation = s = 16.6
sample size = n = 1007
Degrees of freedom = df = n - 1 = 1006
At 90% confidence level the t is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
t /2,df = t0.05,24 = 1.646
Margin of error = E = t/2,df * (s /n)
= 1.646 * (16.6 / 1007)
= 0.861
The 90% confidence interval estimate of the population mean is,
- E < < + E
12.9 - 0.861 < < 12.9 + 0.861
12.039 < < 13.761
(12.039 , 13.761)