In: Statistics and Probability
the formula for the confidence interval is :
where = sample mean = 220 ; = standard deviation=74 ;
= standard normal variate at ;(If the population standard deviation is unknown and we need to calculated sample standard deviation (), then t statistic will be used instead of z, with degrees of freedom n-1, and same as z)
Here, = level of significance = (100-99)% = 1%= 0.01.
So = = 2.576 (from standard normal table);
= sample size = 180. So, The required interval is -
.
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