A random sample of 70 observations from a normally distributed population possesses a sample mean equal to 26.2 and a sample standard deviation equal to 4.1.

a. Find an approximate 95% confidence interval for

b. What do you mean when you say that a confidence coefficient is .95?

c. Find an approximate 99% confidence interval for

d. What happens to the width of a confidence interval as the value of the confidence coefficient is increased while the sample size is held fixed?

e. Would your confidence intervals of parts a and c be valid if the distribution of the original population was not normal? Explain

Short Answer

Expert verified

A confidence interval is described as the set of numbers seen in our sample for which we anticipate discovering the number that best represents the overall population.

Step by step solution

01

Step-by-Step Solution Step 1: (a) The data is given below

Samplemeanχ-=26.2

The sample size is high; the sample standard deviation can be used to approximate the overall standard deviations.

σ=4.1n=70

The calculation is given below:

Levelofsignificance=α=1Confidence=10.95=0.05

Criticalvalue=zα/2=z0.025=1.96

Criticalvalue,±zα/2=±1.96Errorofmargin(E)=zα/2×σnE=1.962×4.170E=0.960486

95% confidence interval limits are shown by:

Lowerlimit=χ--E=26.20.960486=25.2395

Upperlimit=χ-+E=26.20.960486=27.1605

95% confidence interval is:

=χ-+E

localid="1651472418180" =26.2±0.960486=(25.239514,27.160486)

02

(b) Confidence coefficient

Since the approach we used performs 95% of the period, we have a confidence coefficient of 0.95that the calculated confidence interval will include the population's mean.

03

(c) The data is given below

Samplemeanχ-=26.2

σ=4.1n=70

The calculation is given below:

Levelofsignificance=α=1Confidence=10.99=0.01

Criticalvalue=zα/2=z0.005=2.58

The closest value from the z table:

Criticalvalue,±zα/2=±2.58Errorofmargin(E)=zα/2×σnE=2.58×4.170E=1.264314

95% confidence interval limits are shown by:

Lowerlimit=χ--E=26.21.264314=24.9357

Upperlimit=χ-+E=26.21.264314=27.4643

95% confidence interval is:

localid="1651473127163" χ-+E=26.2±1.264314=(24.935686,27.464314)

04

(d) Confidence interval width

If the confidence coefficient is raised, the width increases.

05

(e) If the initial population's distribution was not normal, confidence intervals for parts an as well as c would be valid

Yes, it will be validbecause of the central limit theorem, sample means are about distributed normally when the sample size is larger than 30.

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