In: Statistics and Probability
1. Over a sample of 47 voyages. Mr. Sulu found the
Starship Enterprise traveled a mean of 658
light-years-per-dilithium-crystal (lypdc) with a standard deviation
of 76 lypdc.
(a) Find a point estimate for the mean lypdc on all starship
voyages.
(b) Find the 95% margin of error for the estimate in (a).
(c) Make a 95% confidence interval for the mean lypdc on all
starship voyages. Interpret the interval.
Solution :
Given that,
Point estimate = sample mean = = 658
Population standard deviation = =76
Sample size n =47
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 * (76 / 47 )
= 21.7
At 95% confidence interval
is,
- E < < + E
658 - 21.7 < < 658+ 21.7
(636.3, 679.7)