In: Statistics and Probability
The results of 56 randomly selected Verizon airport data speeds were as followed: ?̅=17.60,?=16.02.Construct a 95% confidence interval estimated of μ. Find the (A) Type of distribution. (B) Point Estimate (C) Degrees of freedom (D) Critical Value (E) Margin of error (F) Confidence interval
Solution :
Given that,
= 17.60
s =16.02
n =56
Degrees of freedom = df = n - 1 = 56- 1 =55
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2= 0.05 / 2 = 0.025
t /2,df = t0.025,55 = 2.004 ( using student t table)
Margin of error = E = t/2,df * (s /n)
=2.004 * (16.02 / 56)
= 4.2901
The 95% confidence interval estimate of the population mean is,
- E < < + E
17.60- 4.2901< <17.60 + 4.2901
13.3099 < < 21.8901
(13.3099 , 21.8901 )
this is t-distribution