In: Statistics and Probability
A simple random sample of size n is drawn. The sample mean is found to be 17.6, and the sample standard deviation, s, is found to be 4.7.
Construct a 99% confidence interval about if the sample size, n, is 34.
The formula to calculate the population confidence interval is :
We are asked to construct a 99% confidence interval for population mean .
: sample mean
: sample standard deviation
: sample size
For 99% confidence interval:
Critical value:
So, the 99% confidence interval for the population mean is calculated as Or