In: Math
The Ball Corporation's beverage can manufacturing plant in Fort Atkinson, Wisconsin, uses a metal supplier that provides metal with a known thickness standard deviation σ = 0.000786 mm. Assume a random sample of 55 sheets of metal resulted in an x¯ = 0.3307 mm. Calculate the 98 percent confidence interval for the true mean metal thickness. (Round your answers to 4 decimal places.) The 98% confidence interval is from to
Solution :
Given ,
= 0.3307
= 0.000786
n = 55
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
Margin of error = E = Z/2* ( /n)
= 2.326 * (0.000786 / 55)
= 0.000247
At 98% confidence interval estimate of the mean is,
- E < < + E
0.3307 - 0.000247 < < 0.3307 + 0.000247
0.3305 < < 0.3309
(0.3305, 0.3309)
The 98% confidence interval is from 0.3305 to 0.3309