In: Statistics and Probability
An Izod impact test was performed on 20 specimens of PVC pipe. The sample mean is x Overscript bar EndScripts equals 1.44 and the sample standard deviation is s = 0.27. Find a 99% lower confidence bound on the true Izod impact strength. Assume the data are normally distributed. Round your answer to 3 decimal places. less-than-or-equal-to
Solution :
Given that,
Point estimate = sample mean = = 1.44
sample standard deviation = s = 0.27
sample size = n = 20
Degrees of freedom = df = n - 1 = 19
At 99% confidence level the t0.005 is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2,df = t0.005,19 = 2.861
Margin of error = E = t/2,df * (s /n)
= 2.861 * ( 0.27/ 20)
= 0.173
The 99% confidence interval estimate of the population mean is,
- E + E
1.44 - 0.173 1.44 + 0.173
1.267 1.613
(1.267 , 1.613)