Solution :
Given,
= 58.1
= 6.2
n = 72
Note that, Population standard deviation() is known..So we use z distribution. Our aim is to construct 98% confidence interval.
c = 0.98
= 1- c = 1- 0.98 = 0.02
/2 = 0.02 2 = 0.01 and 1- /2 = 0.99
Search the probability 0.995 in the Z table and see corresponding z value
= 2.326
The margin of error is given by
E = /2 * ( / n )
= 2.326 * ( 6.2/ 72 )
= 1.700
Now , confidence interval for mean() is given by:
( - E ) < < ( + E)
( 58.1 - 1.700 ) < < ( 58.1 + 1.700)
56.4 < < 59.8
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