Answered: A recent study of 26 city residents…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

A recent study of 26 city residents showed that the time they had lived at their present address has a mean of 10.3 years with the standard deviation of 3 years. Find the 95% confidence interval of the true mean. Assume that the variable is approximately normally distributed.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

Expert Solution

Step 1

Given,

Sample size = 26

Sample mean = 10.3

Sample standard deviation = 3

Since the population standard deviation is not known, use t-distribution to find the confidence interval for the mean.

Let x bar be the sample mean, s be the sample standard deviation and n is the sample size.

Use the following formula to calculate the 95% confidence interval for the mean.

That is,

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