In: Statistics and Probability
Construct a 95% confidence interval to estimate the population mean using the data below.
x̅= 46 σ=12 n= 41
With 95% confidence, when n=41 the population mean is between a lower limit of ___ and upper limit of ___
Solution :
Given that,
Point estimate = sample mean = = 46
Population standard deviation = = 12
Sample size n =41
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z/2
* (
/n)
= 1.96 * ( 12 / 41 )
= 3.7
At 95% confidence interval estimate of the population mean
is,
- E < < + E
46 -3.7 <
< 46+ 3.7
42.3 <
< 49.7
lower limit of _42.3__ and upper limit of __49.7_