In: Statistics and Probability
A group of 76 randomly selected students have a mean score of 29.5 with a standard deviation of 5.2 on a placement test. Construct and interpret a 99% confidence interval for the mean score, μ, of all students taking the test.
Solution :
Given that,
Point estimate = sample mean =
= 29.5
Population standard deviation =
= 5.2
Sample size = n =76
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576 ( Using z table )
Margin of error = E = Z/2* ( /n)
= 2.576* (5.2 / 76)
= 1.5365
At 99% confidence interval estimate of the population mean is,
- E < < + E
29.5- 1.5365< < 29.5+1.5365
27.9635< < 31.0365
(27.9635, 31.0365 )