In: Statistics and Probability
Determine the margin of error for a 99% confidence interval to estimate the population mean when s = 43 for the sample sizes below. a) n=12 b) n=25 c) n=46 a) The margin of error for a 99% confidence interval when n=12 is _.
Solution :
Given that,
sample standard deviation = s = 43
a) sample size = n = 12
Degrees of freedom = df = n - 1 = 12 - 1 = 11
At 99% confidence level
= 1 - 99%
=1 - 0.99 =0.01
/2
= 0.005
t/2,df
= t0.005,11 = 3.106
Margin of error = E = t/2,df * (s /n)
= 3.106 * (43 / 12)
Margin of error = E = 38.55
b) sample size = n = 25
Degrees of freedom = df = n - 1 = 25 - 1 = 24
t/2,df = t0.005,24 = 2.797
Margin of error = E = t/2,df * (s /n)
= 2.797 * (43 / 25)
Margin of error = E = 24.05
c) sample size = n = 46
Degrees of freedom = df = n - 1 = 46 - 1 = 45
t/2,df = t0.005,45 = 2.690
Margin of error = E = t/2,df * (s /n)
= 2.690 * (43 / 46)
Margin of error = E = 17.05