Using the following information:
Sample mean 0.53, sample size of 6, and sample standard deviation 0.0559
Find a 95% confidence interval for the population mean.
solution
Given that,
= 0.53
s =0.0559
n = 6
Degrees of freedom = df = n - 1 = 6- 1 = 5
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,5 = 2.571 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 2.571 * ( 0.0559/ 6) = 0.0587
The 95% confidence interval estimate of the population mean is,
- E < < + E
0.53 - 0.0587 < < 0.53+ 0.0587
0.4713< < 0.5887
( 0.4713, 0.5887 )
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