In: Statistics and Probability
Determine the 95% confidence interval estimate for the population mean of a normal distribution given n=144, sigma=105, and x overbar=1,200. The 95% confidence interval for the population mean is from to . (Round to two decimal places as needed. Use ascending order.
Solution :
Given that,
Point estimate = sample mean = = 1200
Population standard deviation = = 105
Sample size = n = 144
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
Margin of error = E = Z/2* ( /n)
= 1.96 * (105 / 144 )
= 17.15
At 95% confidence interval estimate of the population mean is,
- E < < + E
1200 - 17.15 < < 1200 + 17.15
1182.85 < < 1217.15
( 1182.85 , 1217.15 )