If n=17, ¯ x x ¯ (x-bar)=41, and s=4, find the margin of error at a 99% confidence level. Give your answer to two decimal places.
Given,
X_bar = 41
n = 17
s = 4
Now calculate 99% confidence interval
CI = x_bar t*(s/n)
Df= n-1 = 17-1 = 16
t value for 99% confidence interval with 16 degrees of freedom is 2.921
Margin of error = ME = t*(s/n)
ME = 2.921 *(4/17)
ME = 2.8338
Therefore CI = 41 2.8338
CI = 41 - 2.8338 and CI = 41 + 2.8338
CI = 38.17 and CI = 43.83
Therefore 99% confidence interval is
(38.17, 43.83).
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