In: Statistics and Probability
Thirty veterinary clinics in Oklahoma gave an average of 210 shots per week. Assume that σ is known to be 29 shots per week. For a 95% confidence interval, find:
a) Margin of Error
b) Confidence Interval
Solution :
Given that,
Point estimate = sample mean = = 210
Population standard deviation = =29
Sample size n =30
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z / 2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z
/ 2 * (
/n)
= 1.96* (29 / 30 )
= 10.3775
At 95% confidence interval estimate of the population mean
is,
- E < < + E
210 - 10.3775 <
< 210+ 10.3775
199.6225 <
< 220.3775
( 199.6225,220.3775)