In: Statistics and Probability
A 90% confidence interval for a population mean, μ, is given as
(21.73,
24.64). This confidence interval is based on a simple random sample
of 41
observations. Calculate the sample mean and standard deviation.
Assume
that all conditions necessary for inference are satisfied. Use the
t-
distribution in any calculations.
90% confidence Interval for mean is given by:
( , )
where alpha = (1- confidence Interval)/100
n is number of observations
s is standard deviation
talpha/2 , n-1 is t value at n-1 degree of freedom
But this Interval is given to us as :
(21.73 , 24.64)
Thus ,
= 21.73
= 24.64
Now , for 90% confidence Interval
alpha = 10% or 0.10
n-1 = 41 - 1 = 40
Now using Appendix table A.5 ,
talpha/2 , n-1 = t0.10/2 , 40
= 1.684
Thus , = 21.73
= 24.64
Adding both above equations and get:
+ = 21.73 + 24.64
2 mean = 46.37
Thus, mean = 23.185
Substitute mean value to any one of the above equation:
= 24.64
23.185 + 1.684(s/) = 24.64
1.684(s/) = 1.455
s = (1.455/1.684)*
s = (0.864)*
s = 5.5324
Thus , standard deviation = 5.5324
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