In: Statistics and Probability
A sample of size =n47 has sample mean =x57.6 and sample standard deviation =s9.5. Part: 0 / 20 of 2 Parts Complete Part 1 of 2 Construct a 99.5% confidence interval for the population mean μ. Round the answers to one decimal place. A 99.5% confidence interval for the population mean μ is <<μ .
Solution:
Given that,
= 57.6
s = 9.5
n = 47
Note that, Population standard deviation() is unknown..So we use t distribution.
Our aim is to construct 99.5% confidence interval.
c = 0.995
= 1- c = 1- 0.995 = 0.005
/2 = 0.10 2 = 0.0025
Also, d.f = n - 1 = 47 - 1 = 46
= = 0.05,46 = 2.949
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f. * ( / n)
= 2.949 * (9.5 / 47)
= 4.1
Now , confidence interval for mean() is given by:
( - E ) < < ( + E)
(57.6 - 4.1) < < (57.6 + 4.1)
53.5 < < 61.7
. A 99.5% confidence interval for the population mean μ is 53.5 < < 61.7