Question

In: Statistics and Probability

Using a​ t-distribution table or software or a​ calculator, report the​ t-statistic which is multiplied by...

Using a​ t-distribution table or software or a​ calculator, report the​ t-statistic which is multiplied by the standard error to form the margin of error for the following cases.

a. 90% confidence interval for a mean with 16 observations.

b. 90% confidence interval for a mean with 26 observations.

c. 98% confidence interval for a mean with 26 observations.

a. t = _____ (round to three decimal places)

b. t = _____ (round to three decimal places)

c. t = _____ (round to three decimal places)

Solutions

Expert Solution

Solution :

Given that,

a) sample size = n = 16

Degrees of freedom = df = n - 1 = 16 - 1 = 15

At 90% confidence level

= 1 - 90%

=1 - 0.90 =0.10

/2 = 0.05

t/2,df = t0.05,15 = 1.753

b) sample size = n = 26

Degrees of freedom = df = n - 1 = 26 - 1 = 25

At 90% confidence level

= 1 - 90%

=1 - 0.90 =0.10

/2 = 0.05

t/2,df = t0.05,25 = 1.708

c) sample size = n = 26

Degrees of freedom = df = n - 1 = 26 - 1 = 25

At 98% confidence level

= 1 - 98%

=1 - 0.98 =0.02

/2 = 0.01

t/2,df = t0.01,25 = 2.485


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