In: Statistics and Probability
Isabella wants to advertise how many chocolate chips are in each
Big Chip cookie at her bakery. She randomly selects a sample of 60
cookies and finds that the number of chocolate chips per cookie in
the sample has a mean of 14.3 and a standard deviation of 1.4. What
is the 95% confidence interval for the number of chocolate chips
per cookie for Big Chip cookies? Assume the data is from a normally
distributed population. Round answers to 3 decimal places where
possible.
? < μμ < ?
Solution :
Given that,
Point estimate = sample mean = = 14.3
Population standard deviation = = 1.4
Sample size n =60
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z / 2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z
/ 2 * (
/n)
= 1.96* ( 1.4/ 60 )
= 0.354
At 95% confidence interval estimate of the population mean
is,
- E < < + E
14.3 - 0.354 <
< 14.3+ 0.354
13.946 <
< 14.654