In: Statistics and Probability
a)
M = = 73
b)
M = / sqrt(n) = 20 / sqrt(100) = 2
c)
Since sample size 100 is sufficiently large ( n > 30) , the shape of distribution is approximately normal.
d)
Lower limit for 99% confidence interval is = - Z/2 * M
= 75 - 2.576 * 2
= 69.848
e)
Upper limit for 99% confidence interval is = + Z/2 * M
= 75 + 2.576 * 2
= 80.152
f)
Lower limit for 95% confidence interval is = - Z/2 * M
= 75 - 1.96 * 2
= 71.08
g)
Upper limit for 95% confidence interval is = + Z/2 * M
= 75 + 1.96 * 2
= 78.92