In: Statistics and Probability
I want to know how long basketball shoes last for people on average. I rubbed a dusty coffee pot and a genie popped out to tell me that the standard deviation for the lifespan of all basketball shoes is 4.2 months. I polled 1225 people at the PEIF (before it closed) on how long their shoes lasted, and I got an average of 27 months.
(a) What is the 95% confidence interval for the population mean lifespan of a basketball shoe?
(b) What is the 99.7% confidence interval for the population mean lifespan of a basketball shoe?
(c) Draw appropriate shaded bell curves to show the difference between these.
Solution:
a) The 95% confidence interval for population mean is given as follows:
Where, x̄ is sample mean, σ is population standard deviation, n is sample size and Z(0.05/2) is critical z-value to construct 95% confidence interval.
We have, x̄ = 27 months, σ = 4.2 months, n = 1225
Using Z-table we get, Z(0.05/2) = 1.96
Hence, the 95% confidence interval for the population mean lifespan of a basketball shoe is,
The 95% confidence interval for the population mean lifespan of a basketball shoe is (26.7649 months, 27.2352 months).
b) The 99.7% confidence interval for population mean is given as follows:
Where, x̄ is sample mean, σ is population standard deviation, n is sample size and Z(0.003/2) is critical z-value to construct 99.7% confidence interval.
We have, x̄ = 27 months, σ = 4.2 months, n = 1225
Using Z-table we get, Z(0.003/2) = 2.97
Hence, the 99.7% confidence interval for the population mean lifespan of a basketball shoe is,
The 99.7% confidence interval for the population mean lifespan of a basketball shoe is (26.6436 months, 27.3564 months).
c)