In: Statistics and Probability
Construct a 98% confidence interval to estimate the population mean with x overbar equals 57 and sigma equals 11 for the following sample sizes.
a) n equals 38 b) n equals 41 c) n equals 66
Solution :
Given that,
Point estimate = sample mean = = 57
Population standard deviation = = 11
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
(a)
Sample size = n = 38
Margin of error = E = Z/2* ( /n)
= 2.326 * (11 / 38)
= 4.15
At 98% confidence interval estimate of the population mean is,
- E < < + E
57 - 4.15 < < 57 + 4.15
52.85 < < 61.15
(52.85 , 61.15 )
(b)
Sample size = n = 41
Margin of error = E = Z/2* ( /n)
= 2.326 * (11 / 41)
= 4.00
At 98% confidence interval estimate of the population mean is,
- E < < + E
57 - 4.00 < < 57 + 4.00
53.00< < 61.00
(53.00 , 61.00 )
(c)
Sample size = n = 66
Margin of error = E = Z/2* ( /n)
= 2.326 * (11 / 66)
= 3.15
At 98% confidence interval estimate of the population mean is,
- E < < + E
57 - 3.15 < < 57 + 3.15
53.85 < < 60.15
(53.85 , 60.15 )