In: Statistics and Probability
Find the 90% confidence interval for population mean if a sample returned the values
68, 104, 128, 122, 60, 64
Solution:
We are given a data of sample size n = 6
68, 104, 128, 122, 60, 64
Using this, first we find sample mean()
and sample standard deviation(s).
=
= (68 + 104 + .......+ 64)/6
= 91
Now ,
s=
Using given data, find Xi -
for each term.Take square for each.Then we can easily find s.
s = 30.718072856219
Note that, Population standard deviation()
is unknown..So we use t distribution.
Our aim is to construct 90% confidence interval.
c = 0.90
= 1- c = 1- 0.90 = 0.10
/2
= 0.10
2 = 0.05
Also, d.f = n - 1 = 6 - 1 = 5
=
=
0.05,5
= 2.015
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f.
* (
/
n)
= 2.015 * (30.718072856219 /
6)
= 25.2693104707
Now , confidence interval for mean()
is given by:
(
- E ) <
< (
+ E)
(91 - 25.2693104707) <
< (91 + 25.2693104707)
65.7306895293 <
< 116.269310471
Required 90% confidence interval is (65.7307 , 116.2693)