In: Statistics and Probability
Assume that a sample is used to estimate a population mean μ . Find the 99.9% confidence interval for a sample of size 24 with a mean of 32.5 and a standard deviation of 12.9. Enter your answer accurate to one decimal place. I am 99.9% confident that the mean μ is between ____and____
solution:
Given that,
mean = = 32.5
standard deviation = = 12.9
n = 24
= 32.5
= / n = 12.9 /24=2.63
middle 99.9% of score is
P(-z < Z < z) = 0.999
P(Z < z) - P(Z < -z) = 0.999
2 P(Z < z) - 1 = 0.999
2 P(Z < z) = 1 + 0.999 = 1.999
P(Z < z) =1.999 / 2 = 0.9995
P(Z <3.29) = 0.9995
z ±3.29 using z table
Using z-score formula
= z * +
= ±3.29 *2.63+32.5
= 23.85 and 41.15