A survey of 25 randomly selected customers found the ages shown (in years). The mean is 33.16 years and the standard deviation is 9.44 years. a) Construct a 80% confidence interval for the mean age of all customers, assuming that the assumptions and conditions for the confidence interval have been met. b) How large is the margin of error?
a) What is the confidence interval?
b) What is the margin of error?
a)
df = n - 1 = 25 - 1 = 24
t critical value at 0.20 significance level = 1.318
80% confidence interval for is
- t * S / sqrt(n) < < + t * S / sqrt(n)
33.16 - 1.318 * 9.44 / sqrt(25) < < 33.16 + 1.318 * 9.44 / sqrt(25)
30.672 < < 35.648
80% CI is ( 30.672 , 35.648 )
b)
Margin of error = t * S / sqrt(n)
= 1.318 * 9.44 / sqrt(25)
= 2.488
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