In: Statistics and Probability
A simple random sample of 60 items resulted in a sample mean of 97. The population standard deviation is 16.
a. Compute the 95% confidence interval for the population mean (to 1 decimal).
( , )
b. Assume that the same sample mean was obtained from a sample of 120 items. Provide a 95% confidence interval for the population mean (to 2 decimals).
( , )
c. What is the effect of a larger sample size on the margin of error?
Solution-
a. Compute the 95% confidence interval for the population mean (to 1 decimal).
(93.0 , 101.0)
◆ calculation-
b. Assume that the same sample mean was obtained from a sample of 120 items. Provide a 95% confidence interval for the population mean (to 2 decimals).
(94.14 , 99.86)
◆ calculation-
c. What is the effect of a larger sample size on the margin of error?
For n = 60 , Margin of error is 4.05
For n = 120 , Margin of error is 2.86
So, as sample size increases Margin of error decreases.
large sample size gives lower margin of error.