Question

In: Statistics and Probability

Note: Each bound should be rounded to three decimal places. Q: A random sample of n=100...

Note: Each bound should be rounded to three decimal places.

Q: A random sample of n=100 observations produced a mean of x⎯⎯⎯=35 with a standard deviation of s=5.

(a) Find a 95% confidence interval for μ Lower-bound: Upper-bound:

(b) Find a 90% confidence interval for μ Lower-bound: Upper-bound:

(c) Find a 99% confidence interval for μ Lower-bound: Upper-bound:

Solutions

Expert Solution

Ans ) we have given n=100

sample mean =35 with a standard deviation of s=5.

(a) using excel>addin>phstat>confidence interval we have

Confidence Interval Estimate for the Mean
Data
Sample Standard Deviation 5
Sample Mean 35
Sample Size 100
Confidence Level 95%
Intermediate Calculations
Standard Error of the Mean 0.5
Degrees of Freedom 99
t Value 1.9842
Interval Half Width 0.9921
Confidence Interval
Interval Lower Limit 34.008
Interval Upper Limit 35.992

a 95% confidence interval for μ

Lower-bound:34.008

Upper-bound:35.992

(b)

Confidence Interval Estimate for the Mean
Data
Sample Standard Deviation 5
Sample Mean 35
Sample Size 100
Confidence Level 90%
Intermediate Calculations
Standard Error of the Mean 0.5
Degrees of Freedom 99
t Value 1.6604
Interval Half Width 0.8302
Confidence Interval
Interval Lower Limit 34.170
Interval Upper Limit 35.830

a 90% confidence interval for μ

Lower-bound:34.170

Upper-bound:35.830

(c)

Confidence Interval Estimate for the Mean
Data
Sample Standard Deviation 5
Sample Mean 35
Sample Size 100
Confidence Level 99%
Intermediate Calculations
Standard Error of the Mean 0.5
Degrees of Freedom 99
t Value 2.6264
Interval Half Width 1.3132
Confidence Interval
Interval Lower Limit 33.687
Interval Upper Limit 36.313

a 99% confidence interval for μ

Lower-bound:33.687

Upper-bound:36.313


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