Question

In: Statistics and Probability

14. A researcher estimates the 95% Confidence Interval for a sample (n=100) with a mean of...

14. A researcher estimates the 95% Confidence Interval for a sample (n=100) with a mean of M=3. The population mean and standard deviation are known as 2.5±2 (µ±σ). What is the upper confidence limit for this interval? A) 0.392 B) 1.96 C) 2.608 D) 3.392 E) There is not enough information to answer this question.

Solutions

Expert Solution

Solution:

Given,

= 2

n = 100

M  = 3   

  Note that, Population standard deviation() is known..So we use z distribution.

Our aim is to construct 95% confidence interval.

c = 0.95

= 1- c = 1- 0.95 = 0.05

  /2 = 0.05 2 = 0.025 and 1- /2 = 0.975

Search the probability 0.975 in the Z table and see corresponding z value

= 1.96   

The margin of error is given by

E =  /2 * ( / n )

= 1.96 * (2 / 100)

E = 0.392

Now , confidence interval for mean() is given by:

(M  - E ) <   <  (M + E)

(3 - 0.392)   <   <  (3 + 0.392)

2.608 <   < 3.392

Upper confidence limit is 3.392

Answer : 3.392


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