In: Statistics and Probability
Soiution
Given that,
Point estimate = sample mean =
= 19.5
Population standard deviation =
= 2.1
Sample size = n = 43
At 95% confidence level
= 1 - 95%
= 1 - 0.95 = 0.05
/2
= 0.025
Z/2
= Z0.025 = 1.96
Margin of error = E = Z/2
* (
/n)
= 1.96 * (2.1 / 43
)
= 0.628
At 95% confidence interval estimate of the population mean is,
- E < < + E
19.5 - 0.628 < < 19.5 + 0.628
18.872 <
< 20.128
( 18.872 , 20.128 )