Assume that a sample is used to estimate a population mean u. Find the 99% confidence interval for a sample of size 68 with a mean of 36.2 and a standard deviation of 18.9. Enter your answer as an open-interval (i.e., parentheses) accurate to 3 decimal places.
Assume that a sample is used to estimate a population mean u. Find the 99% confidence interval for a sample of size 68 with a mean of 36.2 and a standard deviation of 18.9. Enter your answer as an open-interval (i.e., parentheses) accurate to 3 decimal places.
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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Step 1
Obtain the 99% confidence interval to estimate the population mean.
The 99% confidence interval to estimate the population mean is obtained below:
The formula for the Confidence interval for mean is:
Obtain the degrees of freedom.
The degrees of freedom is obtained below:
Use EXCEL Procedure for finding the critical value of t.
Follow the instruction to obtain the critical value of t:
- Open EXCEL
- Go to Formula bar.
- In formula bar enter the function as“=TINV”
- Enter the probability as 0.01.
- Enter the degrees of freedom as 67.
- Click enter
EXCEL output:
From the EXCEL output, the critical value of t at 0.01 level of significance with the 67 degrees of freedom is 2.6512.
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