In: Statistics and Probability
If all conditions for using a t distribution model are met, and a 95% confidence interval is being created for a sample mean of 85.0, using a sample of size 30, where the standard deviation of the sample is 4.1, what is the margin of error?
Solution :
Given that,
= 85.0
s =4.1
n =30
Degrees of freedom = df = n - 1 = 30- 1 =29
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2= 0.05 / 2 = 0.025
t /2,df = t0.025,29 = 2.045 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 2.045* ( 4.1/ 30)
E= 1.5308
Margin of error = E =1.5308