In: Statistics and Probability
The amount of time that a certain cell phone will keep a charge is known to be normally distributed with a standard deviation s = 15 hours. A sample of 45 cell phones has a mean time of 145 hours. Let m represent the population mean time that
a cell phone will keep a charge.
a. What is the point estimate of m ?
b. What is the standard error of the point estimate? Round to three decimal places.
c. Suppose that a 90% confidence interval is to be constructed for the mean time. Find the margin of error for this confidence interval (use three decimal places).
e. Construct the 90% confidence interval and interpret your result:
f. What sample size would be necessary so that a 98% confidence interval will have a margin of error of 2 hours?
Solution:
a. What is the point estimate of m?
Answer: The point estimate of m is:
b. What is the standard error of the point estimate? Round to three decimal places.
Answer: The standard error of the point estimate is:
c. Suppose that a 90% confidence interval is to be constructed for the meantime. Find the margin of error for this confidence interval (use three decimal places).
Answer: The 90% confidence interval for the mean time is:
Where:
e. Construct the 90% confidence interval and interpret your result:
Answer: The 90% confidence interval is:
f. What sample size would be necessary so that a 98% confidence interval will have a margin of error of 2 hours?
Answer: The formula for finding the sample size is:
Where: