2) In 2015, Game of Thrones set a record by winning 12 Emmy awards out of the 24 nominations it received. The 50 episodes show so far have averaged almost exactly 5 million viewers per episode, with a standard deviation of 1.78. Assume that this is a sample of 50 taken from a larger distribution, and make a 94% confidence interval for the true population mean. What is the lower limit of the interval? (Note: solve the problem using 5 & 1.78, ignoring the word "million.")
It is given that
= 5 (sample mean)
sample size n= 50
= 1.78 (we considered it sigma because sample size is large enought to assume it normally distributed)
z score for 94% confidence interval using the z distribution table 1.88
Formula for lower limit of confidence interval is given as
CI = - z*(/sqrt{n}) {sqrt means square root of n}
putting this values
= 5 - [1.88*(1.78/sqrt{50})]
= 5 - [1.88*0.2517]
= 5 -0.4733 = 4.5267
Lower limit = 4.5267 (rounded 4 decimals) or 4.53 (rounded to 2 decimals) or 4.527(rounded to 3 decimals)
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