In: Statistics and Probability
Let µ denote the average number of days absent per term for all the children
According to data the sample mean x̅ = 6, sample standard deviation s = 1.8 and sample size n = 49
Let the level of significance be α
Solution to a)
The equation is
Solution to b)
Here α = 2% = 0.02
So 98% Confidence Interval is
= (5.381165, 6.618835)
Hence 98% Confidence Interval for µ is (5.381165, 6.618835)
Solution to c)
Here α = 5% = 0.05
So 95% Confidence Interval is
= (5.48298, 6.51702)
Solution to d)
A 95% confidence interval is a range of values that you can be 95% certain contains the true mean of the population.
A 98% confidence interval is a range of values that you can be 98% certain contains the true mean of the population.
So that is why both are different and mathematically as the critical value for both differ so both are different.