In: Statistics and Probability
Assume that population mean is to be estimated from the sample described. Use the sample results to approximate the margin of error and 95% confidence interval. n=36, x=61.2 seconds, s=4.14 seconds
Margin of error is 1.4 seconds, what is the 95% confidence interval?
? seconds <μ< ? seconds?
Solution :
Given that,
Point estimate = sample mean = = 61.2
sample standard deviation = s = 4.14
sample size = n = 36
Degrees of freedom = df = n - 1 = 36-1= 35
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,35 = 2.030
Margin of error = E = t/2,df * (s /n)
= 2.030 * (4.14 / 36)
E = 1.4
The 95% confidence interval estimate of the population mean is,
- E < < + E
61.2 - 1.4 < < 61.2 + 1.4
59.8 < < 62.6
(59.8,62.6)
The 95% confidence interval is
59.8 Seconds < < 62.6 seconds