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,
= 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
/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
The margin of error is given by
= 1.49
Now , confidence interval for mean()
is given by:
Answer : 36.51 to 39.49
b.)
c = 95% = 0.95
/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
The margin of error is given by
= 1.77
Now , confidence interval for mean()
is given by:
Answer : 36.23 to 39.77
c.)
c = 99% = 0.99
/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
The margin of error is given by
= 2.33
Now , confidence interval for mean()
is given by:
Answer : 35.67 to 40.33