In: Statistics and Probability
In a random sample of 18 people, the mean commute time to work was 34.7 minutes and the standard deviation was 7.3 minutes. Assume the population is normally distributed and use a t-distribution to construct a 80% confidence interval for the population mean μ. What is the margin of error of μ? Interpret the results.
Given that,
n = 18
= 34.7
s = 7.3
Note that, Population standard deviation() is unknown..So we use t distribution.
Given , confidence interval = c = 80% = 0.80
= 1- c = 1- 0.80= 0.20
/2 = 0.10
Also, d.f = n - 1 = 18 - 1 = 17
= = 0.10,17 = 1.333
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f. * ( / n)
= 1.333 * (7.3 / 18)
= 2.2936
Margin of error = 2.2935
Interpretation: We are 80% confident that the population mean μ is within 2.2935 of the sample mean 34.7.