In: Statistics and Probability
Suppose for a random sample of 49 CMU students, the mean amount of time spent eating or drinking per day is 1.58 hours with a S.D. of 0.62 hours!
a. What is the Standard Error of the estimate of the population mean?
b. What is the Margin of Error at a C.L. of 90%?
c. What is the right boundary of the C.I. at a C.L. of 90%?
d. At a 98% C.L., if the researcher wants to limit the error within 0.2 hours range, what size of the sample is needed?
Solution :
Given that,
mean = = 1.58
standard deviation = = 0.62
n = 49
a)
= = 1.58
= / n = 0.62/ 49 = 0.0886
The Standard Error of the estimate of the population mean is 0.0886
b)
At 90% confidence level the t is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2 = Z0.05 = 1.645
Margin of error = E = Z/2* ( /n)
= 1.645 * ( 0.62/ 49 )
= 0.15
The Margin of Error at a C.L. of 90% is 0.15
c)
At 90% confidence interval estimate of the population mean is,
- E < < + E
1.58 - 0.15 < < 1.58 + 0.15
1.43 < < 1.73
(1.43 , 1.73)
The right boundary of the C.I. at a C.L. of 90% is (1.43 , 1.73)
d)
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
sample size = n = (Z/2* / E) 2
n = (2.326 *0.62 / 0.2)2
n = 51.99
n = 52
The size of the sample is 52