Level of Significance , α =
0.05
degree of freedom= DF=n-1= 64
't value=' tα/2= 1.998 [Excel
formula =t.inv(α/2,df) ]
Standard Error , SE = s/√n = 6.3/√65=
0.7814
margin of error , E=t*SE = 1.9977
* 0.7814 = 1.561
confidence interval is
Interval Lower Limit = x̅ - E = 48.00
- 1.5611 = 46.4389
Interval Upper Limit = x̅ + E = 48.00
- 1.5611 = 49.5611
95% confidence interval is (
46.4 < µ < 49.6
)
--------------------------------------
Meijer has 10 lbs. of potatoes on sale for Thanksgiving. If the bags have a population standard deviation of .75 lbs., find the 90% confidence interval for the mean for n = 50.
Level of Significance , α =
0.1
z value= z α/2= 1.645 [Excel
formula =NORMSINV(α/2) ]
Standard Error , SE = σ/√n = 0.75/√50=
0.1061
margin of error, E=Z*SE = 1.6449
* 0.1061 = 0.174
confidence interval is
Interval Lower Limit = x̅ - E = 10.00
- 0.1745 = 9.8255
Interval Upper Limit = x̅ + E = 10.00
- 0.1745 = 10.1745
90% confidence interval is (
9.8 < µ < 10.2
)
---------------------------------------------------
At JJC, 125 out of 200 students take Communications 101 their first semester at JJC. Find the 93% confidence interval for all first year students at JJC taking Communications 101.
Level of Significance, α =
0.07
Number of Items of Interest, x =
125
Sample Size, n = 200
Sample Proportion , p̂ = x/n =
0.6250
z -value = Zα/2 = 1.812 [excel
formula =NORMSINV(α/2)]
Standard Error , SE = √[p̂(1-p̂)/n] =
0.034233
margin of error , E = Z*SE = 1.812
* 0.03423 = 0.0620
93% Confidence Interval is
Interval Lower Limit = p̂ - E = 0.62500
- 0.06203 = 0.5630
Interval Upper Limit = p̂ + E = 0.62500
+ 0.06203 = 0.6870
93% confidence interval is (
0.563 < p < 0.687
)
--------------------------------------
The average cost of a large pizza at Dominoes is $19 with a sample standard deviation of $1.75 depending on the number of toppings. For n = 100, find the 98% confidence interval for the price of the pizza.
Level of Significance , α =
0.02
degree of freedom= DF=n-1= 99
't value=' tα/2= 2.365 [Excel
formula =t.inv(α/2,df) ]
Standard Error , SE = s/√n = 1.75/√100=
0.1750
margin of error , E=t*SE = 2.3646
* 0.1750 = 0.414
confidence interval is
Interval Lower Limit = x̅ - E = 19.00
- 0.4138 = 18.5862
Interval Upper Limit = x̅ + E = 19.00
- 0.4138 = 19.4138
98% confidence interval is (
18.6 < µ < 19.4
)
Please let me know in case of any doubt.
Thanks in advance!
Please upvote!
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