In: Statistics and Probability
A poll was conducted that asked 1002 people how many books they had read in the past year. Results indicated that x overbar=10.1 books and s=16.6 books. Construct a 99% confidence interval for the mean number of books people read.
Construct a 99% confidence interval for the mean number of books people read.
solution
Given that,
= 10.1
s =16.6
n = 1002
Degrees of freedom = df = n - 1 = 1002 - 1 = 1001
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, 1001= 2.581 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 2.581 * (16.6 / 1002) = 1.3535
The 99% confidence interval estimate of the population mean is,
- E < < + E
10.1 - 1.3535< < 10.1+ 1.3535
8.7465< < 11.4535
( 8.7465,11.4535)