A 15 unit sample of the chemical potency of a solvent is drawn and provides the following results: The mean is 23 µg / ml and a standard deviation of 1.2 µg / ml. Calculate the confidence interval for the average potency of the solvent with 90% confidence.
Sample size = n = 15
Sample mean = = 23
Sample standard deviation = s = 1.2
Confidence level = c = 0.90
alpha = 1 - c = 1 - 0.90 = 0.1
Here population standard deviation is not known so we use t test.
90% Confidence interval for the average potency of the solvent is
where tc is t critical value for alpha = 0.1 and degrees of freedom = n - 1 = 15 - 1 = 14
t critical value from excel using function:
=T.INV.2T(0.1,14)
tc = 1.761 (Round to 3 decimal)
(Round to 2 decimal)
90% Confidence interval for the average potency of the solvent is (22.45, 23.55)
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