In: Statistics and Probability
Find out the 95% confidence interval for a sample whose Mean=10.50 and Standard Deviation is= 2.0. The sample size is n=50.
** please I need the answer in the computer typing not hand writing.
Subject: Statistic
Solution :
Given that,
Point estimate = sample mean =
= 10.50
Population standard deviation =
= 2.0
Sample size = n =50
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
Margin of error = E = Z/2
* (
/n)
=1.96 * (2.0 / 50
)
= 0.5544
At 95% confidence interval estimate of the population mean
is,
- E <
<
+ E
10.50 -0.5544<
< 10.50 + 0.5544
99.4560 <
< 11.0544
( 99.4560 , 11.0544 )