Let the following sample of 8 observations be drawn from a normal population with unknown mean and standard deviation: 21, 20, 25, 18, 28, 19, 13, 22. [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 99% 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 99%? As the confidence level increases, the margin of error becomes larger. As the confidence level increases, the margin of error becomes smaller.
Answer:
n= 8
a)
sample standard deviation (s) = 4.53
sample mean () = 20.75
b)
c= 90%
formula for confidence interval is
where tc is the t critical value for c= 90% with df= n-1 =7
we get
tc= 1.895
20.75−3.034 < < 20.75+3.034
confidence interval is = (17.72 , 23.78)
c)
c= 99%
formula for confidence interval is
where tc is the t critical value for c= 90% with df= n-1 =7
we get
tc= 3.499
20.75−5.605 < < 20.75+5.605
confidence interval is = ( 15.15 , 26.36 )
d)
As the confidence level increases, the margin of error becomes larger
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