n = 68, ¯x=75, and σ = 8. The sample population is normally distributed. Find the 99% interval estimate for µ.
The formula to calculate a confidence interval for a population mean is as follows:
CI=xˉ±z⋅σn,CI=\bar{x}\pm z\cdot\cfrac{\sigma}{\sqrt{n}},CI=xˉ±z⋅nσ,
where:
So,
CI=75±2.576⋅868==75±2.50=(72.5,77.5).CI=75 \pm 2.576\cdot\cfrac{8}{\sqrt{68}}=\\= 75\pm2.50=(72.5, 77.5).CI=75±2.576⋅688==75±2.50=(72.5,77.5).
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