In: Statistics and Probability
We can find the sample mean and standard deviation of the given data set using excel function =AVERAGE( ) and =STDEV.S() respectively.
So sample mean = 49.24 and sample standard deviation (s) = 12.8915
Confidence interval is given by,
Lower bound = - E
Upper bound = + E
E = ; t is critical value follows t distribution with degrees of freedom (df) = n-1
We are given confidence level = 0.95
We can find critical value using excel function =TINV( α , d.f )
α = 1 - confidence level = 1 - 0.95 = 0.05
degrees of freedom (d.f) = n - 1 = 25-1 = 24
t =TINV(0.05,24)
t = 2.064
Therefore,
E =
E = 5.3216
Lower bound = - E = 49.24 - 5.3216 = 43.9184
Upper bound = + E = 49.24 + 5.3216 = 54.5616
Therefore 95% confidence interval for predicting the mean length of fish in a particular pond is ( 43.9184 , 54.5616 )