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1. A random sample of size n is drawn from a population that is normally distributed with a standard deviation of 8. The samp
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1)a) At 98% confidence level, the critical value is z0.01 = 2.33

Margin of error = z0.01 * \sigma/\sqrt n

                            = 2.33 * 8/\sqrt {16}

                            = 4.66

The 98% confidence interval is

\bar x +/- E

= 50 +/- 4.66

= 45.34, 54.66

b) At 95% confidence level, the critical value is z0.025 = 1.96

Margin of error = z0.025 * \sigma/\sqrt n

                            = 1.96 * 8/\sqrt {16}

                            = 3.92

The 95% confidence interval is

\bar x +/- E

= 50 +/- 3.92

= 46.08, 53.92

c) At 95% confidence level, the critical value is z0.025 = 1.96

Margin of error = z0.025 * \sigma/\sqrt n

                            = 1.96 * 8/\sqrt {25}

                            = 3.136

The 95% confidence interval is

\bar x +/- E

= 50 +/- 3.136

= 46.864, 53.136

d) As the confidence level decreases, the margin of error also decreases.

e) As the sample size decreases, the margin of error increases.

2)a) At 95% confidence level, the critical value is z0.025 = 1.96

Margin of error = 2

or, z0.025 * \sigma/\sqrt n = 2

or, 1.96 * 8/\sqrt n = 2

or, n = (1.96 * 8/2)^2

or, n = 62

b) Margin of error = 1

or, z0.025 * \sigma/\sqrt n = 1

or, 1.96 * 8/\sqrt n = 1

or, n = (1.96 * 8/1)^2

or, n = 246

c) The sample size decreases by doubling the required accuracy .

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