In: Statistics and Probability
We use the t distribution to construct a confidence interval for the population mean when the underlying population standard deviation is not known. Under the assumption that the population is normally distributed, find tα/2,df for the following scenarios. (You may find it useful to reference the t table. Round your answers to 3 decimal places.) tα/2,df
a. A 90% confidence level and a sample of 25 observations.
b. A 95% confidence level and a sample of 25 observations.
c. A 90% confidence level and a sample of 19 observations.
d. A 95% confidence level and a sample of 19 observations.
Solution:
a)
Given:
Confidence level = 0.90
So, level of significance = = 0.10
Sample size = n = 25
Degrees of freedom = df = n-1 = 25-1 = 24
We have to find tα/2 = ...?
We can use t-table or excel function.
Using excel function, =TINV(0.1,24)
tα/2 = 1.711
b)
Given:
Confidence level = 0.95
So, level of significance = = 0.05
Sample size = n = 25
Degrees of freedom = df = n-1 = 25-1 = 24
We have to find tα/2 = ...?
We can use t-table or excel function.
Using excel function, =TINV(0.05,24)
tα/2 = 1.064
c)
Given:
Confidence level = 0.90
So, level of significance = = 0.10
Sample size = n = 19
Degrees of freedom = df = n-1 = 19-1 = 18
We have to find tα/2 = ...?
We can use t-table or excel function.
Using excel function, =TINV(0.1,18)
tα/2 = 1.734
d)
Given:
Confidence level = 0.95
So, level of significance = = 0.10
Sample size = n = 19
Degrees of freedom = df = n-1 = 19-1 = 18
We have to find tα/2 = ...?
We can use t-table or excel function.
Using excel function, =TINV(0.1,18)
tα/2 = 2.101
Done