In: Statistics and Probability
Solution :
Given that,
Point estimate = sample mean =
= 23.2
Population standard deviation =
= 18.1
Sample size = n = 18
At 95% confidence level
= 1 - 95%
= 1 - 0.95 = 0.05
/2
= 0.025
Z/2
= Z0.025 = 1.96
Margin of error = E = Z/2
* (
/n)
= 1.96 * ( 18.1 / 18
)
= 8.36
At 95% confidence interval estimate of the population mean is,
- E < < + E
23.2 - 8.36 < < 23.2 + 8.36
14.84 <
< 31.46
( 14.84 , 31.46 )
The 95% confidence interval estimate of the population mean is : - ( 14.84 , 31.46 )
( b ) Interpret : - About The 95% confidence interval for the true mean commute distances of the residents .