In: Statistics and Probability
A simple random sample of 60 items resulted in a sample mean of 90. The population standard deviation is σ = 17.
a. Compute the 95% confidence interval for the population mean. Round your answers to one decimal place.
b. Assume that the same sample mean was obtained from a sample of 120 items. Provide a 95% confidence interval for the population mean. Round your answers to two decimal places
Solution :
a) The 95% confidence interval for population mean is given as follows:
Where, x̄ is sample mean, σ is population standard deviation and Z(0.05/2) is critical z-value to construct 95% confidence interval.
We have, x̄ = 90, σ = 17 and n = 60
Using Z-table we get, Z(0.05/2) = 1.96
Hence, 95% confidence interval for population mean is,
The 95% confidence interval for population mean is,
(85.7, 94.3)
b) The 95% confidence interval for population mean is given as follows:
Where, x̄ is sample mean, σ is population standard deviation and Z(0.05/2) is critical z-value to construct 95% confidence interval.
We have, x̄ = 90, σ = 17 and n = 120
Using Z-table we get, Z(0.05/2) = 1.96
Hence, 95% confidence interval for population mean is,
The 95% confidence interval for population mean is,
(86.96, 93.04)
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