In: Statistics and Probability
Solution:-
Given that
n = 657
= 134.3
= 48.1
At 68% confidence level,
= 1 - 68% = 1 - 0.68 = 0.32
Margin of error = E =
E =
E = 1.87
At 68% confidence interval,
134.3 - 1.87 < < 134.3 + 1.87
132.43 < < 136.17
(132.43, 136.17)
The 68% confidence interval is (132.43, 136.17)
At 95% confidence level,
= 1 - 95% = 1 - 0.95 = 0.05
Margin of error = E =
E =
E = 3.68
A 95% confidence interval is,
134.3 - 3.68 < 134.3 + 3.68
130.62 < 137.98
(130.62, 137.98)
The 95% confidence interval is, (130.62, 137.98)
At 99% confidence interval,
= 1 - 99% = 1 - 0.99 = 0.01
Margin of error E =
E =
E = 4.83
A 99% confidence interval is,
134.3 - 4.83 < < 134.3 + 4.83
129.47 < < 139.13
(129.47, 139.13)
The 99% confidence interval is (129.47, 139.13)