1. The critical value for α=0.1 and df=n−1=5 degrees of freedom is tc=z1−α/2;n−1=2.015036. The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 90% confidence interval for the population mean is 3.1241<μ<6.8759, which indicates that we are 90% confident that the true population mean μ is contained by the interval (3.1241,6.8759).
2. The critical value for α=0.05 and df=n−1=5 degrees of freedom is tc=z1−α/2;n−1=2.570543. The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 95% confidence interval for the population mean is 2.6070<μ<7.3930, which indicates that we are 95% confident that the true population mean μ is contained by the interval (2.6070,7.3930).
3. The critical value for α=0.01 and df=n−1=5 degrees of freedom is tc=z1−α/2;n−1=4.031677. The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 99% confidence interval for the population mean is 1.2467<μ<8.7533, which indicates that we are 99% confident that the true population mean μ is contained by the interval (1.2467,8.7533).
4.
a. The critical value for α=0.1 and df=n−1=24 degrees of freedom is tc=z1−α/2;n−1=1.710882. The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 90% confidence interval for the population mean is 4.2197<μ<5.7803, which indicates that we are 90% confident that the true population mean μ is contained by the interval (4.2197,5.7803).
b. The critical value for α=0.05 and df=n−1=24 degrees of freedom is tc=z1−α/2;n−1=2.063899. The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 95% confidence interval for the population mean is 4.0587<μ<5.9413, which indicates that we are 95% confident that the true population mean μ is contained by the interval (4.0587,5.9413).
c. The critical value for α=0.01 and df=n−1=24 degrees of freedom is tc=z1−α/2;n−1=2.79694. The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 99% confidence interval for the population mean is 3.7244<μ<6.2756, which indicates that we are 99% confident that the true population mean μ is contained by the interval (3.7244,6.2756).
The width of a confidence interval decreases as the sample size increases and increases as the confidence level increases.
Larger samples give narrower intervals. We are able to estimate a population mean more precisely with a larger sample size.
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