if n=27, x bar =39, s=3, find the margin of error at a 98% confidence interval.
Solution :
Given that,
= 39
s =3
n =27 Degrees of freedom = df = n - 1 =27 - 1 =26
At 98% confidence level the t is
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02/ 2 = 0.01
t /2,df = t0.01,26 =2.479 ( using student t table)
Margin of error = E = t/2,df * (s /n)
=2.479 * ( 3/ 27)
= 1.4313
Margin of error = E =1.4313
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