Working backwards, Part I. A 90% confidence interval for a population mean is (82, 92). The population distribution is approximately normal and the population standard deviation is unknown. This confidence interval is based on a simple random sample of 24 observations. Calculate the sample mean, the margin of error, and the sample standard deviation. Use the t distribution in any calculations. Round non-integer results to 4 decimal places.
Solution :
Given that,
Lower confidence interval = 82
Upper confidence interval = 92
= (Lower confidence interval + Upper confidence interval ) / 2
= (82 + 92) / 2
= 87
Margin of error = E = Upper confidence interval - = 92 - 87 = 5
Margin of error = 5
sample size = n = 24
Degrees of freedom = df = n - 1 = 24 - 1 = 23
t /2,df = t0.05,23 = 1.714
s = E * n / t/2,df = 5 * 24 / 1.714 = 14.2910
sample standard deviation = 14.2910
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