In: Statistics and Probability
A group of statistics students decided to conduct a survey at Loyola Marymount University to find the mean number of hours students spent studying per week. a. They sampled 576 students and found the mean to be 20 hours. Assuming we know the population standard deviation is 7 hours, what is the confidence interval at the 95% level of confidence? b. They sampled 576 students and found the mean to be 20 hours. Assuming we know the population standard deviation is 7 hours, what is the confidence interval at the 99% level of confidence? What do you notice as the difference between the solution for (a) and (b)? c. They sampled 100 students and found the mean to be 21 hours. Assuming we don’t know the population standard deviation, but we estimate the sample standard deviation to be 6 hours, what is the confidence interval at the 95% level of confidence? d. Assuming we know the population standard deviation is 7 hours, what is the required sample size if the error should be less than 15 minutes with a 95% level of confidence?
a)
sample mean 'x̄= | 20.000 |
sample size n= | 576.00 |
std deviation σ= | 7.00 |
std error ='σx=σ/√n= | 0.2917 |
for 95 % CI value of z= | 1.96 | |
margin of error E=z*std error = | 0.572 | |
lower bound=sample mean-E= | 19.428 | |
Upper bound=sample mean+E= | 20.572 | |
from above 95% confidence interval for population mean =(19.43,20.57) |
b)
for 99 % CI value of z= | 2.58 | |
margin of error E=z*std error = | 0.751 | |
lower bound=sample mean-E= | 19.249 | |
Upper bound=sample mean+E= | 20.751 | |
from above 99% confidence interval for population mean =(19.25,20.75) |
c)
sample mean 'x̄= | 21.000 |
sample size n= | 100.00 |
sample std deviation s= | 6.00 |
std error 'sx=s/√n= | 0.6000 |
for 95% CI; and 99 df, value of t= | 1.984 | |
margin of error E=t*std error = | 1.190 | |
lower bound=sample mean-E = | 19.810 | |
Upper bound=sample mean+E = | 22.190 | |
from above 95% confidence interval for population mean =(19.81,22.19) |
d)
for95% CI crtiical Z = | 1.960 | |
standard deviation σ= | 7 | |
margin of error E = | 0.25 | |
required sample size n=(zσ/E)2 = | 3012 |