A developer collects a random sample of the ages of houses from two neighborhoods and finds that the summary statistics for each are as shown. Assume that the data come from a distribution that is Normally distributed. Complete parts a
Find a? 95% confidence interval for the mean? difference,?1minus??2?, in ages of houses in the two neighborhoods if
dfequals=62.3
Neighborhood 1 Neighborhood 2
n1= 30 n2= 35
y1= 53.8 y2= 42.4
s1=7.12 s2= 7.47
Given,
, , ,
, , DF = 62.3
Here population standard deviation's are unknown so we have to use t distribution.
T interval formula -
Where, is t critical value at given confidence interval.
Confidence level = 95% = 0.95
Significance level = = 1 - 0.95 = 0.05
= = 1.999 { Using Excel, =TINV( , DF ) = TINV(0.05 , 62.3 ) = 1.999 }
So, 95% confidence interval for ( ) is,
CI = ( 7.777, 15.022 )
So , 95% confidence interval for (
) is ( 7.777, 15.022 )
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