In: Statistics and Probability
5. The Curdle Dairy Co. wants to estimate the proportion p of customers that will purchase its new broccoli-flavored ice cream. Curdle wants to be 92% confident that they have estimated p to within .05. How many customers should they sample?
6. For a certain urban area, in a sample of 5 months, anaverage of 28 mail carriers were bitten by dogs each month. The standard deviation of the population is 3 mail carriers. Find the 90% confidence interval of the true mean number of mail carriers who are bitten by dogs each month.
Solution,
Given that,
5) = 1 - = 0.5
margin of error = E = 0.05
At 92% confidence level
= 1 - 92%
= 1 - 0.92 = 0.08
/2
= 0.04
Z/2
= Z0.04 = 1.751
sample size = n = (Z / 2 / E )2 * * (1 - )
= (1.751 / 0.05)2 * 05 * 0.5
= 306.60
sample size = n = 307
Given that,
6) Point estimate = sample mean =
= 28
Population standard deviation =
= 3
Sample size = n = 5
At 90% confidence level
= 1 - 90%
= 1 - 0.90 =0.10
/2
= 0.05
Z/2
= Z0.05 = 1.645
Margin of error = E = Z/2
* (
/n)
= 1.645 * ( 3 / 5)
= 2.21
At 90% confidence interval estimate of the population mean is,
± E
28 ± 2.21
( 25.79 , 30.21)