If n=16, x¯(x-bar)=37, and s=6, find the margin of error at a 80% confidence level
Solution :
Given that,
= 37
s =6
n =16
Degrees of freedom = df = n - 1 = 16 - 1 = 15
At 80% confidence level the t is ,
= 1 - 80% = 1 - 0.80 = 0.20
/ 2= 0.20 / 2 = 0.10
t /2,df = t0.10,15 = 1.341 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 1.341* ( 6/ 16)
= 2.01
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