Given : sample mean = 2770, sample sd = 554, n= 20
To find : confidence interval for 95%since population sd is unknown we use confidence interval for t.
Formula: Lower bound ="\\overline{x}-\\frac{tc*s}{\\sqrt{n}}"
Upper bound ="\\overline{x}+\\frac{tc*s}{\\sqrt{n}}"
Two tailed confidence interval ="[\\overline{x}-\\frac{tc*s}{\\sqrt{n}}\\leq\\mu\\leq\\overline{x}+\\frac{tc*s}{\\sqrt{n}}]"
The provided sample mean is = 2770 and the sample standard deviation is s = 554
The size of the sample is n = 20 and the required confidence level is 95%.
The number of degrees of freedom are df = 20 - 1 = 19, and the significance level is α=0.05.
Using t table tc=2.093.
solution :
Part a)
Two sided confidence interval on the mean:
"[2770-\\frac{2.093*554}{\\sqrt{20}}\\leq \\mu\\leq 2770+\\frac{2.093*554}{\\sqrt{20}}]"
=(2770−259.28,2770+259.28)
= (2510.72, 3029.28)
=(2510.72,3029.28)
part b) Lower bound ="2770-\\frac{2.093*554}{\\sqrt{20}}"
=2510.72
Part c) Upper bound ="2770+\\frac{2.093*554}{\\sqrt{20}}"
=3029.28
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