In: Statistics and Probability
In a random sample of 21 people, the mean commute time to work was 34.1 minutes and the standard deviation was 7.2 minutes. Assume the population is normally distributed and use a t-distribution to construct a 99% confidence interval for the population mean μ. What is the margin of error of μ? Interpret the results.
The confidence interval for the population mean μ is __,__
(Round to one decimal place as needed.)
The margin of error of μ is __,__
(Round to one decimal place as needed.)
Interpret the results.
A. It can be said that 99% of people have a commute time between the bounds of the confidence interval.
B. With 99% confidence, it can be said that the commute time is between the bounds of the confidence interval.
C. If a large sample of people are taken approximately 99% of them will have commute times between the bounds of the confidence interval.
D. With 99% confidence, it can be said that the population mean commute time is between the bounds of the confidence interval.
Solution :
Given that,
Point estimate = sample mean = = 34.1
sample standard deviation = s = 7.2
sample size = n = 21
Degrees of freedom = df = n - 1 = 21 - 1 = 20
At 99% confidence level
= 1 - 99%
=1 - 0.99 =0.01
/2
= 0.005
t/2,df
= t0.005,20 = 2.845
Margin of error = E = t/2,df * (s /n)
= 2.845 * ( 7.2 / 21)
Margin of error = E = 4.5
The 99% confidence interval estimate of the population mean is,
± E
= 34.1 ± 4.5
= ( 29.6, 38.6 )
Margin of error = E = t/2,df * (s /n)
= 2.845 * ( 7.2 / 21)
Margin of error = E = 4.5
D. With 99% confidence, it can be said that the population mean commute time is between the bounds of the confidence interval.