Question

In: Statistics and Probability

Person Gender Married Age Children Salary Spent 1 Male Yes 35 1 78900 1610 2 Male...

Person Gender Married Age Children Salary Spent
1 Male Yes 35 1 78900 1610
2 Male Yes 53 1 114100 1960
3 Male Yes 36 2 84800 1470
4 Female Yes 51 2 87500 1210
5 Male Yes 39 2 85600 1320
6 Male Yes 66 3 112800 310
7 Male Yes 48 1 87300 1070
8 Male Yes 36 1 73800 2080
9 Female Yes 47 3 68500 900
10 Male Yes 50 1 110200 1950
11 Male No 59 0 103700 480
12 Male Yes 64 1 136100 1210
13 Male Yes 39 0 82600 2590
14 Male Yes 56 3 131700 1240
15 Female No 32 1 83000 4070
16 Male Yes 49 1 123100 1590
17 Male Yes 59 3 120900 1440
18 Male Yes 50 2 88500 330
19 Female Yes 35 2 50300 960
20 Male Yes 44 3 90800 1380
21 Male Yes 54 0 83100 590
22 Female No 34 1 50600 940
23 Male Yes 53 0 125600 1570
24 Male Yes 45 1 104500 1440
25 Male No 47 1 86900 1040
26 Male Yes 52 3 105900 470
27 Male Yes 40 0 103600 1660
28 Female Yes 55 3 98300 920
29 Male Yes 54 2 109700 1740
30 Male No 46 0 88800 1130
31 Male Yes 67 0 141700 1560
32 Female No 43 1 69200 590
33 Male Yes 52 2 132700 2800
34 Female No 41 0 56600 1730
35 Male Yes 60 3 81000 180
36 Male Yes 52 1 122700 3120
37 Male Yes 34 2 82100 990
38 Male Yes 47 1 95200 930
39 Male No 47 1 118100 2460
40 Female No 47 0 84600 1680
41 Male No 41 0 79700 1110
42 Male Yes 58 3 114600 1070
43 Female Yes 46 2 68300 490
44 Female No 51 0 89500 1730
45 Female Yes 52 2 73400 440
46 Male Yes 59 2 87400 420
47 Male No 41 0 90700 1820
48 Female No 43 1 89000 2170
49 Female Yes 63 3 79900 550
50 Male No 43 0 111200 3000
51 Female Yes 57 1 97600 870
52 Female No 42 2 67200 1050
53 Female No 52 2 103300 1400
54 Male Yes 36 2 75200 1080
55 Male Yes 46 3 102200 1950
56 Male No 33 1 100400 3300
57 Male Yes 64 0 147000 2350
58 Female No 30 0 51600 780
59 Male Yes 39 2 99900 1920
60 Male No 31 0 77700 1620
61 Male Yes 40 1 116300 1370
62 Male No 29 1 90100 3430
63 Female No 59 1 93000 710
64 Male Yes 52 0 83600 480
65 Male Yes 47 3 111500 1060
66 Female Yes 45 1 96600 2750
67 Male Yes 46 4 67900 200
68 Male No 56 0 114500 1630
69 Male Yes 57 4 130800 1770
70 Male Yes 52 4 104800 1220
71 Female No 39 1 60600 1150
72 Male Yes 58 3 127000 2020
73 Male Yes 38 1 87000 2540
74 Male Yes 55 2 124700 1940
75 Female No 38 3 51600 640
76 Male Yes 57 2 129400 2120
77 Male No 29 0 76700 2620
78 Male Yes 52 2 126500 3080
79 Female Yes 58 3 85200 470
80 Male Yes 61 2 93800 180
81 Female No 57 2 81900 550
82 Female No 33 0 52100 950
83 Female Yes 32 4 50900 810
84 Male Yes 62 2 113700 320
85 Female Yes 63 3 87400 680
86 Male Yes 44 3 96800 2160
87 Male Yes 55 1 146100 2740
88 Female Yes 41 1 61900 880
89 Male Yes 44 1 101000 2290
90 Female Yes 53 1 92900 1320
91 Female No 38 0 64800 1480
92 Male Yes 60 0 149100 1780
93 Male Yes 49 4 78600 680
94 Female Yes 45 2 80700 2030
95 Male Yes 49 2 111400 1960
96 Female No 52 2 95300 1420
97 Male Yes 53 1 144500 3270
98 Male Yes 51 0 115500 2100
99 Male Yes 42 2 89900 1970
100 Male Yes 44 3 98400 650

The length of a 95% confidence interval for mean Age is which of the following? (Because of potential roundoff, choose the closest.)

a. 3.37

b. 4.27

c. 3.11

d. 3.72

Solutions

Expert Solution

sample std dev ,    s = √(Σ(X- x̅ )²/(n-1) ) =   9.3744
Sample Size ,   n =    100
Sample Mean,    x̅ = ΣX/n =    47.8000

Level of Significance ,    α =    0.05          
degree of freedom=   DF=n-1=   99          
't value='   tα/2=   1.9842   [Excel formula =t.inv(α/2,df) ]      
                  
Standard Error , SE = s/√n =   9.3744   / √   100   =   0.937437
margin of error , E=t*SE =   1.9842   *   0.93744   =   1.860

LENGTH of CONFIDENCE INTERVAL = 2*Margin of error =

= 2*1.86

=3.72

option (d)

................

THANKS

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