In: Statistics and Probability
Assume that a sample is used to estimate a population mean μ.
Find the 95% confidence interval for a sample of size 1037 with a
mean of 38.4 and a standard deviation of 19.2. Enter your answer as
a tri-linear inequality accurate to 3 decimal places.
_______< μ < _______
Solution:
Given:
n= sample size = 1037
Sample mean =
Sample standard deviation = s = 19.2
Find 95% confidence interval:
where
Since population standard deviation is unknown we use sample standard deviation s and since sample size n is large, we use z.
We need to find zc value for c=95% confidence level.
Find Area = ( 1 + c ) / 2 = ( 1 + 0.95) /2 = 1.95 / 2 = 0.9750
Look in z table for Area = 0.9750 or its closest area and find z value.
Area = 0.9750 corresponds to 1.9 and 0.06 , thus z critical value = 1.96
That is : Zc = 1.96
thus
Thus