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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