In: Statistics and Probability
A group of engineers developed a new design for a steel cable. They need to estimate the amount of weight the cable can hold. The weight limit will be reported on cable packaging. The engineers take a random sample of 50 cables and apply weights to each of them until they break. The 50 cables have a mean breaking weight of 774.6 lb. The standard deviation of the breaking weight for the sample is 15.1 lb. Find the 99% confidence interval to estimate the mean breaking weight for this type cable. Your answer should be to 2 decimal places.
Solution :
Given that,
= 774.6
s = 15.1
n = 50
Degrees of freedom = df = n - 1 = 50 - 1 = 49
At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2,df = t0.005,49 = 2.680
Margin of error = E = t/2,df * (s /n)
= 2.680 * (15.1 / 50)
= 5.72
The 99% confidence interval estimate of the population mean is,
- E < < + E
774.6 - 5.72 < < 774.6 + 5.72
768.88 < < 780.32
(768.88 , 780.32)