In: Statistics and Probability
A random sample of 5 fields of rye has a mean yield of 21.3 bushels per acre and standard deviation of 2.53 bushels per acre. Determine the 99% confidence interval for the true mean yield. Assume the population is approximately normal. Step 1 of 2 : Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.
We have given that,
Sample mean =21.3 bushels per acre
Sample standard deviation =2.53 bushels per acre
Sample size =5
Level of significance=1-0.99=0.01
Degree of freedom =4
t critical value is (by using t table)=
4.604
Confidence interval formula is
=(16.091,26.509)
Lower confidence limit= 16.091 bushels per acre
Upper confidence limit= 26.509 bushels per
acre