The average weight of 25 chocolates bars selected from a normally distributed population is 200 g with a standard deviation of 10 g. Fight the point and the interval estimates using 95% confidence level
A sample mean is a point estimate of a population mean: "\\bar{x}=200\\ g."
A confidence interval is the most common type of interval estimate.
a. The critical value for "\\alpha = 0.05" and "df = n-1 = 24" degrees of freedom is "t_c = z_{1-\\alpha\/2; n-1} = 2.063899."
The corresponding confidence interval is computed as shown below:
"=(200-2.063899\\times\\dfrac{10}{\\sqrt{25}},"
"200+2.063899\\times\\dfrac{10}{\\sqrt{25}})"
"=(195.8722, 204.1278)"
Therefore, based on the data provided, the 95% confidence interval for the population mean is "195.8722<\\mu<204.1278," which indicates that we are 95% confident that the true population mean "\\mu" is contained by the interval "(195.8722, 204.1278)."
b. The test statistic is t-test to calculate the interval.
c. The level of confidence is 0.95.
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