In: Statistics and Probability
Solution :
Given that,
1) Population standard deviation = = 5.48
Margin of error = E = 3
At 95% confidence level the z is,
= 1 - 95%
= 1 - 0.95 = 0.05
/2 = 0.025
Z/2 = Z0.025 = 1.96
sample size = n = [Z/2* / E] 2
n = [1.96 * 5.48 / 3]2
n = 12.81
Sample size = n = 13
2) Given that,
Point estimate = sample mean =
= 39.1
Population standard deviation =
= 23
Sample size = n = 100
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 * ( 23 / 100
)
= 3.8
At 90% confidence interval estimate of the population mean is,
± E
39.1 ± 3.8
( 35.3, 42.9 )
lower limit = 35.3
upper limit = 42.9