In: Statistics and Probability
A random sample of size n
is taken from a normally distributed population with a population
standard deviation (σ ) of 11.6. The sample mean (x) is 44.6.
Construct a 99% confidence interval about µ with a sample size of
26.
Given
Population Standard Devidaiton =
Sample Mena =
Sample Size = n = 26
The 99% confidence interval about µ is
Where
Since is known; So, we use Z cri.
Where
Since Confidence Interval = 99%; then Level of Significance = = 1% = 0.01
Therefore Marginal Error is
Therefore 99% confidence interval about µ is
NOTE: To See the Critical Values of Z; we use the Standard Normal area tabulated values which i posted below.
How to see?
If alpha = 1% the confidence interval = 99% Or Vice Versa
Divide the value 99 with 100. you will get 0.99 and after that divide the value 0.99 with 2; you will get 0.495. Now Search this 0.495 in side the table ( repeating again see inside the table). You will find this at the intersection of (2.5, 0,08) which is Zcri value i.e 2.58
Like this you can find the Zcri for any alpha values.