I) from the given data, sample mean = 2.408
Sample SD =1.349
II) 99% confidence interval for u, is calculated using t score since population SD is unknown, so it will be
Sample mean +- t 0.005,n-1*sample sd/√n
= 2.408 +- 3.106*1.349/√12
=(1.145, 3.671)
III) Now that sample size is 60, we can use the z score since for n>30, the t distribution tends to the normal distribution. So the required confidence Interval is:
2.408 +- 2.576*1.349/√12
=(1.405, 3.411)
b) We are testing, H0: u1=u2 vs H1: u1 not equal u2
Pooled sample variance= 0.2204^2*14 + 0.2199^2*14/28 = 0.0485
So pooled standard deviation = √0.0485 = 0.2202
So standard error= 0.2202*√1/15 +1/15 = 0.0804
So test statistic : 2.6375-2.4625/0.0804= 2.176
P-value of this two sided t 28 test is:
2P(t28>2.176) = 0.03815
Since the p-value of this test> significance level of 0.02, we have insufficient evidence to reject H0 at the 2% significance level so we cannot conclude that there is a difference between the two means.
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