In: Statistics and Probability
Question (a)
Given Sample Mean = 4.07
Stamdard Deviation = 0.13
Sample size, n = 16
Given the population is normally distributed, So
99% confidence interval fort the mean weight = Z/2 * ( / )
= 1- confidence level
= 1 - 0.99
= 0.01
/2 = 0.005
So we need to find a z-score that has an area of 0.995 to its left
The z-score of 2.576 has an area of 0.995 to its left
99% confidence interval fort the mean weight = 4.07 2.576 * (0.13 / )
= 4.07 2.576 * (0.13 /4)
= 4.07 2.576 *0.035
= 4.07 0.08372
= (3.98628, 4.15372)
So the 99% confidence interval for the mean weight of all bricks produced today is (3.98628, 4.15372)
Question (b)
We have decreased the confidecne level from 99% to 95% which implies the Z/2 will decrease from 2.576 to 1.96
So the Margin of error Z/2 * ( / ) decreases as we decrease the confidence level from 99% to 95% since the Standard deviation S and sample size remains same in both the cases
The confidence interval Z/2 * ( / ) becomes narrow as we decreae the confidence level from 99% to 95% since the Sample Mean , Standard deviation S and sample size remains same in both the cases
A 95% confidence interval for the population mean would be narrower than a 99% confidence interval for the population mean
Question (c)
The sample size is increased from 16 to 20
So Z/2 * ( / ) decreases as weincrease the sample size from 16 to 20, since the Sample size is in denominator, increasing it would decrease the Maegin of error Z/2 * ( / ) as Standard deviation S and confidecne level reamain the same in the both the cases
The confidence interval Z/2 * ( / ) becomes narrow as we increase the sample size from 16 to 20 since the Sample Mean , Standard deviation S and Confidecne level remain the same in both the cases
correctly calculated 99% confidence interval for the mean weight of tomorrow's output with a sample size of 20 will be narrower than as that found in the case with a sample size of 16