In: Statistics and Probability
A simple random sample of size n equals 40 is drawn from a population. The sample mean is found to be x overbar equals 121.3 and the sample standard deviation is found to be s equals 12.9. Construct a 99% confidence interval for the population mean.
Upper:
Lower:
t /2,df = 2.708
Margin of error = E = t/2,df * (s /√n)
= 2.708 * (12.9 / √ 40)
Margin of error = E = 5.5
The 99% confidence interval estimate of the population mean is,
- E < < + E
121.3 - 5.5 < < 121.3 + 5.5
115.8 < < 126.8
Lower: 115.8
Upper: 126.8