In: Statistics and Probability
A random sample of 250 students at a university finds that these students take a mean of 15.7 credit hours per quarter with a standard deviation of 1.5 credit hours. Estimate the mean credit hours taken by a student each quarter using a 98% confidence interval.
Solution :
Given that,
= 15.7
s = 1.5
n = 250
Degrees of freedom = df = n - 1 = 250 - 1 = 249
At 98% confidence level the t is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.012 / 2 = 0.01
t /2,df = t0.01,249 =2.341
Margin of error = E = t/2,df * (s /n)
= 2.341 * (1.5 / 250)
= 0.22
Margin of error = 0.22
The 98% confidence interval estimate of the population mean is,
- E < < + E
15.7 - 0.22 < < 15.7 + 0.22
15.48 < < 15.92
(15.48, 15.92 )