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,
s =10
n =1600
Degrees of freedom = df = n - 1 = 1600- 1 =1599
a ) At 95% confidence level the t is ,
t
/2,df = t0.025,1599 = 1.96 ( using student t
table)
Margin of error = E = t/2,df
* (s /
n)
= 0.4900
The 95% confidence interval estimate of the population mean is,
( 49.5100, 50.4900)
(B)
At 99% confidence level the t is ,
t
/2 df = t0.005, 1599= 2.58 ( using student t table)
Margin of error = E = t/2,df
* (s /
n)
The 99% confidence interval estimate of the population mean is,
( 49.3550 ,50.6450)