A cheese processing company wants to estimate the mean cholesterol content of all one-ounce servings of a type of cheese. The estimate must be within 0.84 milligram of the population mean.
(a) Determine the minimum sample size required to construct a 95% confidence interval for the population mean. Assume the population standard deviation is 3.06 milligrams.
(b) The sample mean is 26 milligrams. Using the minimum sample size with a 95% level of confidence, does it seem likely that the population mean could be within 4% of the sample mean? within 0.4% of the sample mean? Explain.
Answer:
a)
Given,
Here at 95% CI, z value = 1.96
sample size n = (z*s/E)^2
= (1.96*3.06/0.84)^2
= 50.9796
n = 51
b)
CI = xbar +/- z*s/sqrt(n)
= 26 +/- 1.96*3.01/sqrt(51)
= 26 +/- 0.826
= (25.174 26.826)
The 95% confidence interval is (26.174 , 26.826) It is not seem likely that the population mean could be within 4% of the sample mean because 4% off from the sample mean would fall out of CI it's not seem likely that the population mean could be within 0.4% of the sample mean because 0.4% off from the sample mean would fall out of the confidence interval.
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