A survey was conducted that asked 954 people how many books they had read in the past year. Results indicated that x overbarequals15.3 books and sequals18.8 books. Construct a 95% confidence interval for the mean number of books people read. Interpret the interval.
Solution :
Given that,
Point estimate = sample mean = = 15.3
sample standard deviation = s = 18.1
sample size = n = 954
Degrees of freedom = df = n - 1 = 954 -1 = 953
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
t /2,df = t0.025,953 = 1.962
Margin of error = E = t/2,df * (s /n)
= 1.962 * ( 18.1/ 954)
= 1.1
The 95% confidence interval estimate of the population mean is,
- E < < + E
15.3 - 1.1 < < 15.3 + 1.1
14.2 < < 16.4
(14.2 , 16.4)
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