In: Statistics and Probability
Solution:
Given that,
= 7.2 ....... Sample mean
s = 1.2 ........Sample standard deviation
n = 16 ....... Sample size
Note that, Population standard deviation() is unknown..So we use t distribution.
Our aim is to construct 90% confidence interval.
c = 0.90
= 1- c = 1- 0.90 = 0.10
/2 = 0.10 2 = 0.05
Also, d.f = n - 1 = 16 - 1 = 15
= = 0.05,15 = 1.753
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f. * ( / n)
= 1.753 * (1.2 / 16 )
= 0.5259
Now , confidence interval for mean() is given by:
( - E ) < < ( + E)
(7.2 - 0.5259) < < (7.2 + 0.5259)
6.6741 < < 7.7259
Required interval is (6.6741 , 7.7259)