In: Statistics and Probability
In a random sample of 28 people, the mean commute time to work was 34.4 minutes and the standard deviation was 7.3 minutes. Assume the population is normally distributed and use a t-distribution to construct a 98% confidence interval for the population mean mu. What is the margin of error of mu?
The confidence interval for the population mean mu is (__, __)
Solution :
Given that,
= 34.4
s = 7.3
n = 28
Degrees of freedom = df = n - 1 = 28 - 1 = 27
At 98% confidence level the t is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
t /2,df = t0.01,27 = 2.473
Margin of error = E = t/2,df * (s /n)
= 2.473 * (7.3 / 28)
= 3.41
Margin of error = 3.41
The 98% confidence interval estimate of the population mean is,
- E < < + E
34.4 - 3.41 < < 34.4 + 3.41
30.99 < < 37.81
(30.99, 37.81)