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:
A confidence interval is the most common type of interval estimate.
a. The critical value for and degrees of freedom is
The corresponding confidence interval is computed as shown below:
Therefore, based on the data provided, the 95% confidence interval for the population mean is which indicates that we are 95% confident that the true population mean is contained by the interval
b. The test statistic is t-test to calculate the interval.
c. The level of confidence is 0.95.
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