In: Statistics and Probability
A machine that is programmed to package 6.20 pounds of cereal is being tested for its accuracy. In a sample of 36 cereal boxes, the sample mean filling weight is calculated as 6.29 pounds. The population standard deviation is known to be 0.13 pound. [You may find it useful to reference the z table.]
a-1. Identify the relevant parameter of interest for these quantitative data.
The parameter of interest is the average filling weight of all cereal packages.
The parameter of interest is the proportion filling weight of all cereal packages.
a-2. Compute its point estimate as well as the margin of error with 99% confidence. (Round intermediate calculations to at least 4 decimal places. Round "z" value to 3 decimal places and final answers to 2 decimal places.)
b-1. Calculate the 99% confidence interval. (Use rounded margin of error. Round your final answers to 2 decimal places.)
Solution:-
1) Yes.
2)
Point estimate = sample mean =
= 6.29
Population standard deviation =
= 0.13
Sample size = n =36
At 99% confidence level
= 1-0.99% =1-0.99 =0.01
/2
=0.01/ 2= 0.005
Z/2
= Z0.005 = 2.576
Z/2 = 2.576
Margin of error = E = Z/2
* (
/n)
= 2.576 * (0.13 / 36 )
= 0.0558 = 0.06
b)At 99 % confidence interval estimate of the population mean is,
- E <
<
+ E
6.29 - 0.06 <
< 6.29 + 0.06
6.23<
< 6.35
(6.23 ,6.35 )