In: Statistics and Probability
(a) find the margin of error for the values of c, s, and n, and (b) construct the confidence interval for m using the t-distribution. Assume the population is normally distributed.
16. c = 0.99, s = 16.5, n = 20, x = 25.2
Solution :
Given that,
=25.2
s = 16.5
n = 20
Degrees of freedom = df = n - 1 = 20 - 1 = 19
A ) At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2,df = t0.005,19 = 2.861
Margin of error = E = t/2,df * (s /n)
= 2.861 * (16.5 / 20)
= 10.55
Margin of error = 10.55
B )The 99% confidence interval estimate of the population mean is,
- E < < + E
25.20 - 10.55 < < 25.2 + 10.55
14.65 < < 35.75