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An existing inventory for a test measuring self-esteem indicates that the scores have a standard deviation of 8. A psychologi
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population std dev ,    σ =    8.0000
Sample Size ,   n =    100
Sample Mean,    x̅ =   60.0000

Level of Significance ,    α =    0.01          
'   '   '          
z value=   z α/2=   2.576   [Excel formula =NORMSINV(α/2) ]      
                  
Standard Error , SE = σ/√n =   8/√100=   0.8000          
margin of error, E=Z*SE =   2.5758   *   0.8000   =   2.061
                  
confidence interval is                   
Interval Lower Limit = x̅ - E =    60.00   -   2.0607   =   57.9393 ~ 57.9
Interval Upper Limit = x̅ + E =    60.00   -   2.0607   =   62.0607 ~ 62.1

99%   confidence interval is (   57.9   < µ <   62.1   )

...........

Please let me know in case of any doubt.

Thanks in advance!


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