A sample of 27 elements produced a mean of 124 and a standard deviation of 16. Assuming that the population has a normal distribution with unknown population standard deviation, the 98% confidence interval for the population mean is:
a. 115.50 and 132.50
b. 117.50 and 130.50
c. 114.25 and 133.75
d. 116.37 and 131.63
Solution :
Given that,
sample size = n = 27
Degrees of freedom = df = n - 1 = 27 - 1 = 26
t /2,df = 2.479
Margin of error = E = t/2,df * (s /n)
= 2.479 * (16 / 27)
= 7.63
The 98% confidence interval estimate of the population mean is,
- E < < + E
124 - 7.63 < < 124 + 7.63
116.37 < < 131.63
option d. is correct
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