What is the margin of error (M.E.) for a 95%, two-sided confidence interval on mu when xbar = 820, s = 72, and n = 16? (Assume the sample was drawn from a normal population & the fpc factor is NOT needed.)
Solution :
Given that,
= 820
s =72
n =16
Degrees of freedom = df = n - 1 =16 - 1 = 15
a ) At 95% confidence level the t is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2= 0.05 / 2 = 0.025
t /2,df = t0.025,15 = 2.120 ( using student t table)
Margin of error = E = t/2,df * (s /n)
= 2.120 * ( 72/ 16)
= 38.16
Margin of error = E =38.16
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