In: Statistics and Probability
The amount of time that a certain cell phone will keep a charge is known to be normally distributed with a standard deviation σ=15 hours. A sample of 45 cell phones has a mean time of 145 hours. Let μ represent the population mean time that a cell phone will keep a charge.
a. What is the point estimate of μ ?
b. What is the standard error of the point estimate? Round to three decimal places.
c. Suppose that a 90% confidence interval is to be constructed for the mean time. Find the margin of error for this confidence interval (use three decimal places).
e. Construct the 90% confidence interval and interpret your result:
f. What sample size would be necessary so that a 98% confidence interval will have a margin of error of 2 hours?
Solution
Given that,
a ) = 145
= 15
n = 45
The standard error = (/n)
= (15 / 45 )
= 2.24
c ) At 90% confidence level the z is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2 = Z0.05 = 1.645
d ) Margin of error = E = Z/2* (/n)
= 1.645 * (15 / 45 )
= 3.68
e )At 90% confidence interval estimate of the population mean is,
- E < < + E
145 - 3.68 < < 145 + 3.68
141.32< < 148.68
(141.32 , 148.68)
f ) Given that,
standard deviation = = 15
margin of error = E = 2
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
Z/2 = Z0.01 = 2.326
Sample size = n = ((Z/2 * ) / E)2
= ((2.326 * 15 ) / 2 )2
= 304
Sample size = 304