In: Statistics and Probability
A sample of 1600 observations from a normal distribution has
sample mean 50 and sample standard deviation 10.
a. What is the point estimate for the population mean of X?
b. Write a 95% confidence interval for the population mean of X
(Use the t table to obtain the critical value and round to two
decimal places). ( , )
c. Write a 99% confidence interval for the population mean of X
(Use the t table to obtain the critical value and round to two
decimal places). ( , )
Solution :
Given that,
= 50
s =10
n =1600
Degrees of freedom = df = n - 1 = 1600- 1 =1599
a ) At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2= 0.05 / 2 = 0.025
t /2,df = t0.025,1599 = 1.96 ( using student t table)
Margin of error = E = t/2,df * (s /n)
=1.96 * (10 / 1600)
= 0.4900
The 95% confidence interval estimate of the population mean is,
- E < < + E
50 - 0.4900 < <50 + 0.4900
49.5100 < < 50.4900
( 49.5100, 50.4900)
(B)
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, 1599= 2.58 ( using student t table)
Margin of error = E = t/2,df * (s /n)
=2.58 * (10 / 1600) = 0.6450
The 99% confidence interval estimate of the population mean is,
- E < < + E
50 - 0.6450 < < 50+ 0.6450
49.3550 < < 50.6450
( 49.3550 ,50.6450)