In: Statistics and Probability
A simple random sample of size n is drawn. The sample mean, x , is found to be 18.5 , and the sample standard deviation, s, is found to be 4.3.
(a) Construct a 95% confidence interval about mean if the sample size, n, is 35.
(b) Construct a 95% confidence interval about mean if the sample size, n, is 71. How does increasing the sample size affect the margin of error, E?
(c) Construct a 99% confidence interval about mean if the sample size, n, is 33.Compare the results to those obtained in part (a). How does increasing the level of confidence affect the size of the margin of error, E?
(d) If the sample size is 15, what conditions must be satisfied to compute the confidence interval?
(d). In order to construct a confidence interval, we are going to make two assumptions: