In: Statistics and Probability
A random sample of size 17 Yields x=3.49 and s^2=1.53. Complete parts A thru E Below.
a. Calculate a confidence interval for the population mean whose confidence level is 0.99.
b. Calculate a confidence interval for the population mean whose confidence level is 0.98.
c. Calculate a confidence interval for the population mean whose confidence level is 0.95.
d. Calculate a confidence interval for the population mean whose confidence level is 0.90.
e. Calculate a confidence interval for the population mean whose confidence level is 0.80.
Given sample size n = 17
mean = 3.49 , sample variance s2 = 1.53 => sample standard deviation s = sqrt(1.53) = 1.24
We have to use t-distribution for this because population variance is unknown.
Confidence Interval CI =
alpha = 1 - 0.01*confidence
a. Calculate a confidence interval for the population mean whose confidence level is 0.99.
alpha = 0.01
Critical value = t0.005,16 = 2.921
by substituting all values we get 99% CI = (2.614 , 4.366)
b) alpha = 0.02 , Critical value = t0.01,16 = 2.583
by substituting all values we get 98% CI = (2.715 , 4.265)
c) alpha = 0.05 , Critical value = t0.025,16 = 2.120
by substituting all values we get 95% CI = (2.854 , 4.126)
d) alpha = 0.10 , Critical value = t0.05,16 = 1.746
by substituting all values we get 90% CI = (2.966 , 4.014)
e) alpha = 0.20 , Critical value = t0.10,16 = 1.337
by substituting all values we get 80% CI = (3.089 , 3.891)