In: Math
Thirty-one small communities in Connecticut (population near 10,000 each) gave an average of x = 138.5 reported cases of larceny per year. Assume that σ is known to be 40.1 cases per year.
(b) Find a 95% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)
Solution :
Given that,
Point estimate = sample mean =
= 138.5
Population standard deviation =
= 40.1
Sample size = n =31
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 * (40.1 / 31
)
E= 14.1
At 95% confidence interval estimate of the population mean
is,
- E <
<
+ E
138.5 -14.1 <
<138.5 +14.1
124.4<
< 152.6
( 124.4, 152.6)