In: Statistics and Probability
A random sample of 84 items is taken, producing a sample mean of
43. The population standard deviation is 5.89. Construct a 90%
confidence interval to estimate the population mean.
( , )
Solution :
Given that,
Point estimate = sample mean = = 43
Population standard deviation =
= 5.89
Sample size = n =84
At 90% confidence level the z is
= 1 - 90% = 1 - 0.90 = 0.1
/ 2 = 0.1 / 2 = 0.05
Z/2 = Z0.05 = 1.645 ( Using z table )
Margin of error = E = Z/2
* (
/n)
= 1.645 * ( 5.89 /
84)
= 1.057
At 90% confidence interval estimate of the population mean
is,
- E <
<
+ E
43 - 1.057 <
< 43 + 1.057
41.943 <
< 44.057