In: Statistics and Probability
A survey was conducted that asked 1045 people how many books they had read in the past year. Results indicated that x overbarxequals=14.1 books and sequals=16.4 books. Construct a 96% confidence interval for the mean number of books people read. Interpret the interval.
Solution :
Given that,
 = 14.1
s = 
 = 16.4
n = 1045
At 96% confidence level the z is ,
  = 1 - 96% = 1 - 0.96 =
0.04
 / 2 = 0.04 / 2 = 0.02
Z
/2 = Z0.02 =2.054
Margin of error = E = Z
/2* (
 /n)
= 2.054 * ( 16.4/ 1045)
= 1.0420
At 96% confidence interval estimate of the population mean is,
 - E < 
 < 
 + E
14.1 - 1.0420 < 
 < 14.1 + 1.0420
13.0580 < 
 < 15.1420
(13.0580 , 15.1420 )