In: Statistics and Probability
q1) The 95% confidence interval for the mean, calculated from a sample is 1.412011 ≤ μ ≤ 2.587989. Determine the sample mean X-(this one x dash) =
q2) Assuming that the data is normally distributed with the population standard deviation =1.5, determine the size of the sample n =
confidence interval is
lower limit = 1.412011
upper limit= 2.587989
sample mean = (lower limit+upper limit)/2= (
1.412011 + 2.587989 ) / 2
= 2
2)
margin of error = (upper limit-lower limit)/2= (
2.587989 - 1.412011 ) / 2
= 0.587989
alpha = 1-CL = 5%
Z value = Zα/2 = 1.960 [excel
formula =normsinv(α/2)]
Sample Size,n = (Z * σ / E )² = ( 1.960
* 1.5 / 0.587989 )
² = 25.000
So,Sample Size needed= 25