In: Statistics and Probability
Assuming the sample size is 30, the sample mean (X ̅) is 24.75, the sample standard deviation (s) is 5, and degrees of freedom are 29, a 95% confidence interval for the population mean would have lower bound of _________________ and upper bound of _______________________
Solution :
Given that,
= 24.75
s =5
n =30
Degrees of freedom = df = n - 1 =30 - 1 = 29
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2= 0.05 / 2 = 0.025
t /2,df = t0.025,29 = 2.045 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 2.045* ( 5/ 30)
= 1.87
The 95% confidence interval estimate of the population mean is,
- E < < + E
24.75 - 1.87 < < 24.75 +1.87
22.88 < < 26.62
lower bound of ________22.88_________ and upper bound of ___________26.62____________