Question

In: Statistics and Probability

b. Estimate the population standard deviation. What sample size would you recommend for a 90% confidence interval and a margin of error of 1.5? e. In part c, your interval means (select 1):

26, 22, 27, 28, 31, 24, 22, 21, 30, 27

a. Estimate the population mean.

b. Estimate the population standard deviation. What sample size would you recommend for a 90% confidence interval and a margin of error of 1.5? e. In part c, your interval means (select 1):

1. there is a 90% chance that the sample mean falls between the upper and lower confidence interval value.

2. there is a 90% chance that the true mean falls between the upper and lower confidence interval values.

3. There is a 90% chance that the sample mean equals the true mean.

4. There is a 90% chance that the population mean equals the true mean.

c. Construct a 90% confidence interval for your estimate.

Solutions

Expert Solution

x

(x-)

(x-)^2

26

0.2

0.04

22

-3.8

14.44

27

1.2

1.44

28

2.2

4.84

31

5.2

27.04

24

-1.8

3.24

22

-3.8

14.44

21

-4.8

23.04

30

4.2

17.64

27

1.2

1.44

Total

258

107.6

a)

population mean =

b) Popolation standard deviation =

c)

sample size=n

Zc= 1.64 ( using z table )

2. there is a 90% chance that the true mean falls between the upper and lower confidence interval values

c)

n=10

90 % confidence interval

Formula

Zc= 1.64 ( using z-table )

90 % confidence interval is


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