In: Statistics and Probability
To estimate the mean number of visitors(per/week) to the W.I.U Main Library, a random sample of 12 weeks selected. The sample mean is found to be 2509 visitors with a sample standard deviation of 630 visitors.
(a) Estimate the mean number of visitors per week to the WIU library with a 95% confidence interval.
(b) What is the critical value and degrees of freedom in above confidence interval?
(c) What does this interval mean?
Answer: To estimate the mean number of visitors(per/week) to the W.I.U Main Library, a random sample of 12 weeks selected. The sample mean is found to be 2509 visitors with a sample standard deviation of 630 visitors.
Solution:
Sample mean, = 2509
Sample standard deviation, s = 630
Sample size, n = 12
(a) Estimate the mean number of visitors per week to the WIU library with a 95% confidence interval.
The critical value, tc at = 0.05 and degree of freedom
DF = 12 - 1 = 11
tc (0.05,11) = 2.201
CI = tc * S /√n
CI = 2509 2.201 * 630 / √12
CI = 2509 400.2856
CI = (2108.7144, 2909.2856)
Therefore, the mean number of visitors per week to the WIU library with a 95% confidence interval is between 2108.7144 and 2909.2856.
(b) What is the critical value and degrees of freedom in above confidence interval?
Critical value, tc (0.05, 11) = 2.201
Degree of freedom, df
DF = 12 - 1 = 11
(c) What does this interval mean?
This interval mean that we are 95% confident that true mean of visitors per week to the W.I.U Main Library lies between 2108.7144 and 2909.2856.