In: Statistics and Probability
2. Given the following descriptive statistics,
N=18
X bar = 11.5
S sub x = 2
a. find the 95% confidence interval of the population mean u.
b. Suppose you know the population standard deviation = 2. What is the minimum sample size that makes the confidence interval length less than 1?
Given:
a) 95% confidence interval for population mean mu
The formula to find the confidence interval is,
To find t critical value, degrees of freedom = N - 1 = 18 - 1 = 17
The t critical value in two tailed area alpha as 0.05 and degrees of freedom 17 is, 2.110
Plugging all the values in the formula of confidence interval,
The 95% confidence interval for population mean is (10.505, 12.495)
b) Sample size
The formula to find sample size,
Where Z - critical value at given confidence level
To find it, find area 1 - alpha/2
alpha = 0.05
alpha/2 = 0.025
1 - (alpha/2) = 1 - 0.025 = 0.975
By using z table the z critical value for area 0.9750 is 1.96
E - margin of error that is half length of interval
length of interval = 1
E = Half length = 1/2 = 0.5
Plug all the values in the formula of n,
Minimum sample size required = 62