In: Statistics and Probability
The company has a new process for manufacturing large artificial sapphires. In a trial run, 12 sapphires are produced. The mean weight for these 12 gems is x = 6.75 carats, and the sample standard deviation s = 0.33 carats. Find the 95% confidence interval for the population mean weight of artificial sapphires.
Solution:
Note that, Population standard deviation() is unknown. So we use t distribution.
Our aim is to construct 95% confidence interval.
c = 0.95
= 1- c = 1- 0.95 = 0.05
/2 = 0.05 2 = 0.025
Also, d.f = n - 1 = 12 - 1 = 11
= = 0.025,11 = 2.201
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f. * ( / n )
= 2.201 * (0.33 / 12)
= 0.2097
Now , confidence interval for mean() is given by:
( - E ) < < ( + E)
(6.75 - 0.2097 ) < < (6.75 + 0.2097)
6.5403 < < 6.9597
Required 95% confidence interval is (6.5403 , 6.9597)