In: Statistics and Probability
A simple random sample of 60 items from a population with σ = 7 resulted in a sample mean of 38.
If required, round your answers to two decimal places.
a. Provide a 90% confidence interval for the
population mean.
_____ to _____
b. Provide a 95% confidence interval for the
population mean.
_____ to _____
c. Provide a 99% confidence interval for the
population mean.
_____ to _____
Solution:
Given,
= 38 ....... Sample mean
= 7 ........Sample standard deviation
n = 60 ....... Sample size
Note that, Population standard deviation()
is known. So we use z distribution.
a.)c = 90% = 0.90
= 1- c = 1- 0.90 = 0.10
/2
= 0.10
2 = 0.05 and 1-
/2 = 0.950
Search the probability 0.950 in the Z table and see corresponding z value
=
1.645
The margin of error is given by
E = /2
* (
/
n )
= 1.645 * (7 /
60)
= 1.49
Now , confidence interval for mean()
is given by:
(
- E ) <
< (
+ E)
(38 - 1.49) <
< (38 + 1.49)
36.51 <
< 39.49
Answer : 36.51 to 39.49
b.)
c = 95% = 0.95
= 1- c = 1- 0.95 = 0.05
/2
= 0.05
2 = 0.025 and 1-
/2 = 0.975
Search the probability 0.975 in the Z table and see corresponding z value
= 1.96
The margin of error is given by
E = /2
* (
/
n )
= 1.96 * (7 /
60)
= 1.77
Now , confidence interval for mean()
is given by:
(
- E ) <
< (
+ E)
(38 - 1.77) <
< (38 + 1.77)
36.23 <
< 39.77
Answer : 36.23 to 39.77
c.)
c = 99% = 0.99
= 1- c = 1- 0.99 = 0.01
/2
= 0.01
2 = 0.005 and 1-
/2 = 0.995
Search the probability 0.995 in the Z table and see corresponding z value
= 2.576
The margin of error is given by
E = /2
* (
/
n )
= 2.576 * (7 /
60)
= 2.33
Now , confidence interval for mean()
is given by:
(
- E ) <
< (
+ E)
(38 - 2.33) <
< (38 + 2.33)
35.67 <
< 40.33
Answer : 35.67 to 40.33