In: Statistics and Probability
Solution :
Given that,
Point estimate = sample mean =
= 111.6
Population standard deviation =
= 66.9
Sample size = n = 13
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
Margin of error = E = Z/2
* (
/n)
= 1.645 * ( 66.9 / 13
)
= 30.5
At 90% confidence interval estimate of the population mean is,
- E < < + E
111.6 - 30.5 < < 111.6 + 30.5
81.1 <
< 142.1
( 81.1 , 142.1 )
The 90% confidence interval estimate of the population mean is : ( 81.1 , 142.1 )