The quality control manager at a light-bulb factory needs to estimate the mean life of a new type of light-bulb. The population standard deviation is assumed to be 65 hours. A random sample of 40 light-bulbs shows a sample mean life of 505 hours. Construct and explain a 95% confidence interval estimate of the population mean life of the new light-bulb.
what size sample would be needed to achieve a margin of error of 15 hours or less?
Solution :
Given that,
standard deviation = = 65
margin of error = E = 15
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96
Sample size = n = ((Z/2 * ) / E)2
= ((1.96 * 65) / 15)2
= 72.13 = 73
Sample size = 73
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