A random sample of 25 bottles of buffered aspirin contain, on average, 325.5 mg of aspirin with a sample standard deviation of 0.5 mg.
(a) Find a 95% two-sided confidence interval on the mean aspirin in milligram
(b) Construct a two-sided tolerance interval on the mean aspirin required that has confidence level 95% with 99% probability of coverage.
(c) Construct a two-sided 95% prediction interval on the amount of aspirin of the 26th sample.
Answer:
a)
degree of freedom = n - 1 = 25 - 1 = 24
alpha = 0.05
t(alpha/2 , df) = 2.063899 = 2.064
95% CI = xbar +/- t*s/sqrt(n)
substitute values
= 325.5 +/- 2.064*0.5/sqrt(25)
= 325.5 +/- 0.2064
= (325.294 , 325.706)
b)
k = sqrt((n-1)(1+1/n)*z/)
substitute values
= sqrt(24*(1+1/25)*1.645/13.85)
= 1.722
CI = xbar +/- k*s
substitute values
= 325.5 +/- 1.722*0.5
= (324.64 , 326.36)
c)
Prediction interval = xbar +/- t*s*sqrt(1 + 1/n)
substitute values
= 325.5 +/- 2.064*0.5*sqrt(1 + 1/25)
= 325.5 +/- 1.0524
= (324.45 , 326.55)
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