In: Statistics and Probability
You measure 40 textbooks' weights, and find they have a mean
weight of 73 ounces. Assume the population standard deviation is
4.7 ounces. Based on this, construct a 95% confidence interval for
the true population mean textbook weight.
Give your answers as decimals, to two places
I am 95% confident that the mean weight of textbooks is
between and ounces.
Solution :
Given that,
Point estimate = sample mean = = 73
Population standard deviation = = 4.7
Sample size n =40
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* ( 4.7/ 40 )
E= 1.46
At 95% confidence interval estimate of the population mean
is,
- E < < + E
73-1.46 <
< 73+1.46
71.54 <
< 74.46
( 71.54 and 74.46 )