Calculate the margin of error for the population mean using sample data: sample standard deviation s = 14, sample size N = 49. Use significance level alpha = 0.05.
Solution:
= 0.05
/2 = 0.025
Also, d.f = N - 1 = 49 - 1 = 48
= = 0.025,48 = 2.011
( use t table or t calculator to find this value..)
The margin of error is given by
E = /2,d.f. * ( / n )
= 2.011 * (14 / 49 )
= 4.022
margin of error = 4.022
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