Solution :
Given that,
Point estimate = sample mean = = 416.5
Population standard deviation = = 12.9
Sample size = n = 20
At 90% confidence level the z is ,
= 1 - 90% = 1 - 0.90 = 0.10
/ 2 = 0.10 / 2 = 0.05
Z/2 = Z0.05 = 1.645
Margin of error = E = Z/2* ( /n)
=1.645 * (12.9 / 20)
= 4.8
At 99% confidence interval estimate of the population mean is,
- E < < + E
416.5 - 4.8 < < 416.5 + 4.8
411.7 < < 421.3
( 411.7 , 421.3 )
option b) is correct
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