In: Statistics and Probability
A simple random sample of size n= 40 is drawn from a population. The sample mean is found to be x= 120.6 and the sample standard deviation is found to be
s 13.3 Construct a 99% confidence interval for the population mean.
solution
Given that,
= 120.6
s =13.3
n = 40
Degrees of freedom = df = n - 1 = 40- 1 = 39
At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2,df= t0.005,39 =2.708 ( using student t table)
Margin of error = E = t/2,df * (s /n)
=2.708 * (13.3 / 40) = 5.6947
The 99% confidence interval estimate of the population mean is,
- E < < + E
120.6 -5.6947 < < 120.6+ 5.6947
114.9053 < < 126.2947
( 114.9053 , 126.2947)