In: Statistics and Probability
If you are given summary statistics for a sample and want to construct a confidence interval, this can be done through the Probability Calculator in Geogebra. Open it and click the “Statistics” tab just above the graph. For a confidence interval for a population mean, with unknown σ, click the drop-down menu near the top (default is “Z Test of a Mean”) and choose “T Estimate of a Mean.” Enter the confidence level (in decimal form), sample mean, sample standard deviation, and sample size. We’ll use a sample with x¯=65.17, s=3.654, n=26. Based on this sample data, a 95% confidence interval for the population mean is: equation editorEquation Editor <μ< equation editorEquation Editor . The margin of error for this 95% confidence interval is equation editorEquation Editor . Based on this sample data, a 99% confidence interval for the population mean is: equation editorEquation Editor <μ< equation editorEquation Editor . The margin of error for this 99% confidence interval is
Solution :
Given that,
Point estimate = sample mean = = 65.17
sample standard deviation = s = 3.654
sample size = n = 26
Degrees of freedom = df = n - 1 = 26-1 = 25
1) At 95% confidence level the t is,
= 1 - 0.95 = 0.05
/ 2 = 0.025
t /2,df = t 0.025,25 = 2.060
Margin of error = E = t/2,df * (s /n)
= 2.060 * ( 3.654 / 26)
Margin of error = E = 1.48
The 95% confidence interval estimate of the population mean is,
- E < < + E
65.17 - 1.48 < < 65.17 + 1.48
63.69 < < 66.65.
2) At 99% confidence level the t is,
= 1 - 0.99 = 0.01
/2 = 0.005
t /2,df = t 0.005,25 = 2.787
Margin of error = E = t/2,df * (s /n)
= 2.787 * ( 3.654 / 26)
Margin of error = E = 2.00
The 99% confidence interval estimate of the population mean is,
- E < < + E
65.17 - 2.00 < < 65.17 + 2.00
63.17 < < 67.17.