If n=26, ¯xx¯ (x-bar)=50, and s=6, find the margin of error at a 99% confidence level (use at least three decimal places)
)solution
Given that,
= 50
s =6
n = 26
Degrees of freedom = df = n - 1 = 26 - 1 = 25
At 99% confidence level the t is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
t /2 df = t0.005,25 = 2.787 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 2.787 * ( 6/ 26) = 3.279
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