In: Statistics and Probability
Use the confidence level and sample data to find a confidence
interval for estimating the population μ. Round your answer to the
same number of decimal places as the sample mean.
Test scores: n = 81, = 69.0, σ = 4.6; 98% confidence
Solution :
Given that,
Point estimate = sample mean =
=69
Population standard deviation =
= 4.6
Sample size = n =81
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02/ 2 = 0.01
Z/2 = Z0.01 = 2.326 ( Using z table )
Margin of error = E = Z/2
* (
/n)
= 2.326 * ( 4.6 / 81
)
= 1.19
At 98% confidence interval estimate of the population mean
is,
- E <
<
+ E
69- 1.19 <
< 69 + 1.19
67.81 <
< 70.19