Given a sample size 18 with a 99% confidence interval for the mean μ, and a known standard deviation (26.64, 33.25), calculate the 95% confidence interval for μ.
Solution :
Given that,
μ = = 26.64
s =33.25
n = Degrees of freedom = df = n - 1 = 18- 1 = 17
At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2= 0.05 / 2 = 0.025
t /2,df = t0.025,17 =1.812 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 1.812 * (33.25/ 18)
= 14.20
The 95% confidence interval mean is,
- E < < + E
26.64 - 14.20 < < 26.64+ 14.20
12.44 < < 40.84
95% confidence interval for μ is (12.44, 40.84)
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