In: Statistics and Probability
The following sample data are from a normal population: 13, 11, 15, 18, 16, 14, 9, 8.
(a)
What is the point estimate of the population mean?
(b)
What is the point estimate of the population standard deviation? (Round your answer to three decimal places.)
(c)
With 95% confidence, what is the margin of error for the estimation of the population mean? (Round your answer to one decimal place.)
(d)
What is the 95% confidence interval for the population mean? (Round your answer to one decimal place.)
to
Solution:
| x | x2 | 
| 13 | 169 | 
| 11 | 121 | 
| 15 | 225 | 
| 18 | 324 | 
| 16 | 256 | 
| 14 | 196 | 
| 9 | 81 | 
| 8 | 64 | 
| ∑x=104 | ∑x2=1436 | 
a ) Mean ˉx=∑xn
=13+11+15+18+16+14+9+8/8
=104/8
=13
b ) Sample Standard deviation S=√∑x2-(∑x)2nn-1
=√1436-(104)28/7
=√1436-1352/7
=√84/7
=√12
=3.4641
c ) Degrees of freedom = df = n - 1 = 25 - 1 = 24
At 95% confidence level the t is ,
  =
1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t
/2,df = t0.025,24 =2.365
Margin of error = E = t
/2,df
* (s /n)
= 2.365 * (3.464 / 
8)
= 2.9
Margin of error = 2.9
d ) The 95% confidence interval estimate of the population mean is,
- E < 
 < 
 + E
13 - 2.9 < 
 < 13 + 2.9
10.1 < 
 < 15.9
(10.1, 15.9 )