A survey of 25
randomly selected customers found the ages shown (in years). The mean is 31.84 years and the standard deviation is 9.25 years.
a) Construct a 99% confidence interval for the mean age of all customers, assuming that the assumptions and conditions for the confidence interval have been met.
b) How large is the margin of error?
Solution :
t /2,df = 2.797
Margin of error = E = t/2,df * (s /n)
= 2.797 * (9.25 / 25)
Margin of error = E = 5.17
The 99% confidence interval estimate of the population mean is,
- E < < + E
31.84 - 5.17 < < 31.84 + 5.17
26.67 < < 37.01
(26.67 , 37.01)
Get Answers For Free
Most questions answered within 1 hours.