In: Statistics and Probability
Suppose the following data are selected randomly from a population of normally distributed values. 41 51 43 48 44 57 54 39 40 48 45 39 40 Construct a 95% confidence interval to estimate the population mean.
We have for given data,
Sample mean =45.31
Sample standard deviation =5.9215
Sample size =13
Level of significance=1-0.95=0.05
Degree of freedom =12
t critical value is (by using t table)=
2.179
Confidence interval formula is
=(41.73,48.89)
Lower confidence limit=41.73
Upper confidence limit=48.89