a random sample of size n 16 is drawn from a normally distributed population. the sample mean is 98 with known standard deviation of 5. Construct a 98% confidence interval for the population mean.
Let n = 16 - sample size, "\\mu=98" - mean, "\\sigma=5" - standard deviation.
t-value for n - 1 = 15 degrees of freedom and 98% confidence is 2.602.
Confidence interval:
"\\mu=\\mu_0\\pm t\\frac{\\sigma}{\\sqrt{n}}=98\\pm 2.602\\frac{5}{\\sqrt{16}}=\\\\\n=98\\pm 3.2525\\approx98\\pm3.3"
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