In: Statistics and Probability
You measure 37 textbooks' weights, and find they have a mean weight of 34 ounces. Assume the population standard deviation is 14.9 ounces. Based on this, construct a 99% confidence interval for the true population mean textbook weight. Give your answers as decimals, to two places. I am 99% confident that the mean weight of textbooks is between____and____ounces.
Solution :
Given that,
Point estimate = sample mean =
= 34
Population standard deviation =
= 14.9
Sample size = n =37
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576 ( Using z table )
Margin of error = E = Z/2* ( /n)
= 2.576 * ( 14.9/ 37)
E= 6.31
At 99% confidence interval estimate of the population mean is,
- E < < + E
34-6.31 < <34+ 6.31
24.69< < 40.31
(24.69, 40.31 )