In: Statistics and Probability
Construct the indicated confidence interval for the population mean μ using the t-distribution. Assume the population is normally distributed.
c=0.99, x overbar=14.3, s=0.53, n=13
Whats the Answer?
solution
Given that,
= 14.3
s =0.53
n = 13
Degrees of freedom = df = n - 1 = 13- 1 =12
At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2,df= t0.005,12 = 3.055 ( using student t table)
Margin of error = E = t/2,df * (s /n)
=3.055 * ( 0.53/ 13) = 0.4491
The 99% confidence interval estimate of the population mean is,
- E < < + E
14.3 -0.4491 < < 14.3+ 0.4491
13.8509 < <14.7491
( 13.8509 ,14.7491 )