In: Statistics and Probability
How much money does the average professional hockey fan spend on food at a single hockey game? That question was posed to 10 randomly selected hockey fans. The sampled results show that sample mean and standard deviation were
$ 11$11.00
and
$ 3.20$3.20,
respectively. Use this information to create a
9595%
confidence interval for the mean. Express the answer in the form
x overbar plus or minus t Subscript alpha divided by 2 Baseline left parenthesis s divided by StartRoot n EndRoot right parenthesisx±tα/2s/n.
Solution:
Given that,
n = 10
= 11.00
s = 3.20
Note that, Population standard deviation() is unknown. So we use t distribution.
Our aim is to construct 95% confidence interval.
c = 0.95
= 1- c = 1- 0.95 = 0.05
/2 = 0.05 2 = 0.025
Also, d.f = n - 1 = 10 - 1 = 9
= = 0.025,9 = 2.262
( use t table or t calculator to find this value..)
Confidence interval for population mean is given by
11.00 2.262* (3.20/10)