In: Statistics and Probability
The mean time taken to design a house plan by 38 architects was found to be 19 hours with a standard deviation of 3.25 hours.
Construct a 95% confidence interval for the population mean
μ.
Round your answers to two decimal places.
_______to_________ hours
b. Suppose the confidence interval obtained in part a is too wide. Select all of the ways the width of this interval can be reduced.
Lowering the confidence level |
Increasing the confidence level |
Lowering the sample size |
Increasing the sample size |
Solution :
Given that,
Point estimate = sample mean = = 19
Population standard deviation = = 3.25
Sample size n =38
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z/2
* (
/n)
= 1.96 * ( 3.25/ 38 )
= 1.03
At 95% confidence interval estimate of the population mean
is,
- E < < + E
19 - 1.03 <
< 19+ 1.03
17.97 <
< 20.03
( 17.97 , 20.03 )