In: Statistics and Probability
2. You are interested in the mean number of hours that Americans consume media (watching, reading, listening to content produced by someone else) each day. A random sample of 200 Americans consumes an average of 10.3 hours of media per day, with a standard deviation of 3.5 hours. Construct and interpret a 95% confidence interval for the true mean number of hours that Americans consume media each day.
Solution :
Given that,
= 10.3
s = 3.5
n = 200
Degrees of freedom = df = n - 1 = 200 - 1 = 199
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,199 = 1.972
Margin of error = E = t/2,df * (s /n)
= 1.972 * (3.5 / 200 )
= 0.5
Margin of error = 0.50
The 95% confidence interval estimate of the population mean is,
- E < < + E
10.3 - 0.5 < < 10.3 + 0.5
9.8 < < 10.8