In: Statistics and Probability
A survey was conducted that asked 1014 people how many books they had read in the past year. Results indicated that x over bar x equals=13.6 books and s equals=16.6 books. Construct a 95% confidence interval for the mean number of books people read. Interpret the interval. Construct a 95% confidence interval for the mean number of books people read and interpret the result. Select the correct choice below and fill in the answer boxes to complete your choice.
(Use ascending order. Round to two decimal places as needed.)
A.There is 95% confidence that the population mean number of books read is between ? and ?.
B.There is a 95% chance that the true mean number of books read is between ? and ?.
C.If repeated samples are taken,95% of them will have a sample mean between ? and ?.
Solution :
Given that,
Point estimate = sample mean = = 13.6
sample standard deviation = s = 16.6
sample size = n = 1014
Degrees of freedom = df = n - 1 = 1014 - 1 = 1013
At 95% confidence level
= 1 - 95%
=1 - 0.95 =0.05
/2
= 0.025
t/2,df
= t0.025,1013 = 1.962
Margin of error = E = t/2,df * (s /n)
= 1.962 * ( 16.6 / 1014)
Margin of error = E = 1.02
The 95% confidence interval estimate of the population mean is,
± E
= 13.6 ± 1.02
= ( 12.58, 14.62 )
A.There is 95% confidence that the population mean number of books read is between 12.58 and 14.62.