Solution :
A ) Given that,
= 4.85
= 0.74
n = 21
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Margin of error = E = Z/2* (/n)
= 1.960 * (0.74 / 21 )
= 0.32
At 95% confidence interval estimate of the population mean is,
- E < < + E
4.85 - 0.32 < < 4.85 + 0.32
4.53 < < 5.17
(4.53 , 5.17)
B ) Given that,
= 4.56
= 0.74
n = 13
At 98% confidence level the z is ,
= 1 - 98% = 1 - 0.98 = 0.02
/ 2 = 0.02 / 2 = 0.01
Z/2 = Z0.01 =2.326
Margin of error = E = Z/2* (/n)
= 2.326 * (0.74 / 13 )
= 0.48
At 98% confidence interval estimate of the population mean is,
- E < < + E
4.56 - 0.48 < < 4.56 + 0.48
4.08 < < 5.04
(4.08 , 5.04)
C ) Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 0.37 / 2 = 0.185
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.960
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (1.960 / 0.185)2 * 0.5 * 0.5
= 28.05
= 28
n = sample size = 28
D ) Given that,
= 0.5
1 - = 1 - 0.5 = 0.5
margin of error = E = 0.23
At 99% confidence level the z is ,
= 1 - 99% = 1 - 0.99 = 0.01
/ 2 = 0.01 / 2 = 0.005
Z/2 = Z0.005 = 2.576
Sample size = n = ((Z / 2) / E)2 * * (1 - )
= (2.576 / 0.23 )2 * 0.5 * 0.5
= 31.36
= 31
n = sample size = 31
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