Let the following sample of 8 observations be drawn from a
normal population with unknown mean and standard deviation: 28, 23,
18, 15, 16, 5, 21, 13. [You may find it useful to reference
the t table.]
a. Calculate the sample mean and the sample
standard deviation. (Round intermediate calculations to at
least 4 decimal places. Round "Sample mean" to 3 decimal places and
"Sample standard deviation" to 2 decimal places.)
b. Construct the 90% confidence interval for the population mean. (Round "t" value to 3 decimal places and final answers to 2 decimal places.)
c. Construct the 95% confidence interval for the population mean. (Round "t" value to 3 decimal places and final answers to 2 decimal places.)
d. What happens to the margin of error as the confidence level increases from 90% to 95%?
a) Since we know that
and n = 8
This implies that
b)
Confidence interval(in %) = 90
t = 1.8946
Since we know that
Required confidence interval = (17.375-4.6554, 17.375+4.6554)
Required confidence interval = (12.7196, 22.0304)
c)
Confidence interval(in %) = 95
t = 2.3646
Since we know that
Required confidence interval = (17.375-5.8103, 17.375+5.8103)
Required confidence interval = (11.5647, 23.1853)
d) when we increase the confidence interval, t value increases and so the value of margin of error is increased
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