In: Statistics and Probability
How much money does the average professional football player fan spend on food at a single football game? That question was posed to 58 randomly selected football fans. The sample results provided a sample mean and standard deviation of $15.00 and $3.00, respectively. Find the 95% confidence interval for u.
Solution :
Given that,
= $15
s = $3
n = 58
Degrees of freedom = df = n - 1 = 58 - 1 = 57
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,57 = 2.002
Margin of error = E = t/2,df * (s /n)
= 2.002 * (3 / 58)
= 0.8
The 95% confidence interval estimate of the population mean is,
- E < < + E
15 - 0.8 < < 15 + 0.8
14.2 < < 15.8
(14.2,15.8)
The 95% confidence interval 14.2 to 15.8