In: Statistics and Probability
a. The following are the GPA's of a class of Stats students: 3.4, 3.1, 2.0, 2.3, 3.3, 2.6, 1.8, 0.2, 3.1, 4.0, 0.7, 2.3, Construct the 99% CI.
b.Would a 90% CI be larger or smaller?
Solution:
a)
3.4, 3.1, 2.0, 2.3, 3.3, 2.6, 1.8, 0.2, 3.1, 4.0
Sample size n = 10
Using calculator
sample mean = 2.58
Sample standard deviation s = 1.0768266135064
Note that, Population standard deviation() is unknown..So we use t distribution.
Our aim is to construct 99% confidence interval.
c = 0.99
= 1 - c = 1 - 0.99 = 0.01
/2 = 0.01 2 = 0.005
Also, d.f = n - 1 = 10 - 1 = 9
= = 0.005,9 = 3.250
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f. * ( / n )
= 3.250 * (1.0768266135064 / 10)
= 1.1067
Now , confidence interval for mean() is given by:
( - E ) < < ( + E)
(2.58 - 1.1067) < < (2.58 + 1.1067)
1.4733 < < 3.6867
Required.99% confidence interval is (1.4733 , 3.6867)
b)
Smaller
Because as confidence level decreases , margin of error decreases and interval becomes smalller.