In: Statistics and Probability
recent report for a regional airline reported that the mean number of hours of flying time for its pilots is 66 hours per month. This mean was based on actual flying times for a sample of 45 pilots and the sample standard deviation was 9 hours.
2. Calculate a 99% confidence interval estimate of the population mean flying time for the pilots. Round your result to 4 decimal places.
3.Using the information given, what is the smallest sample size necessary to estimate the mean flying time with a margin of error of 2 hour and 99% confidence? Note: For consistency's sake, round your t* value to 3 decimal places before calculating the necessary sample size.
Choose n =
Solution :
Given that,
= 66 hours
s = 9 hours
n = 45
Degrees of freedom = df = n - 1 = 5 - 1 = 44
a ) At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2 df =
t0.005,44 = 2.692
Margin of error = E = t/2,df * (s /
n)
= 2.692 * (9 / 45 )
= 3.6117
The 99% confidence interval estimate of the population mean is,
- E <
<
+ E
66 - 3.6117 < < 66 + 3.6117
62.3883 < < 69.6117
b ) margin of error = E = 2
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2
= Z0.005 = 2.576
Sample size = n = ((Z/2
*
) / E)2
= ((2.576 *9) / 2 )2
= 134.37
Sample size = 134