In: Statistics and Probability
In 2012 the General Social Survey asked 840 adults how many years of education they had. The sample mean was 8.11 years with a standard deviation of 8.91 years.
An 80% interval for the mean number of years of education. Round the answers to two decimal places.
An 80% confidence interval for the mean number of years of education is _< μ <_.
Solution :
Given that,
Point estimate = sample mean = = 8.11
sample standard deviation = s = 8.91
sample size = n = 840
Degrees of freedom = df = n - 1 = 840 - 1 = 839
At 80% confidence level
= 1 - 80%
=1 - 0.80 =0.20
/2
= 0.10
t/2,df
= t0.10, 839 = 1.283
Margin of error = E = t/2,df * (s /n)
= 1.283 * ( 8.91 / 840)
Margin of error = E = 0.39
The 80% confidence interval estimate of the population mean is,
- E + E
8.11 - 0.39 8.11 + 0.39
( 7.72 8.50 )