In the following sample Excel sheet, enter the value of the mean in cell C3 (rounded to five decimal places), and enter the margin of error in cell C16 (rounded to six decimal places). NOTE: Excel uses the label "Confidence Level (90%)" instead of margin of error.

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5. Using Excel - confidence intervals for the population mean (population standard deviation unknown)

A rifle manufacturer is developing a new sniper rifle with an advanced automatic sighting mechanism. To test the accuracy of the sighting mechanism, five rifles are randomly selected. Each rifle is fired at the same target, and the vertical distance and horizontal distance between the shot and the target are measured (the error). (If the shot is to the left of the target, the horizontal distance is recorded with a minus sign; if the shot is below the target, the vertical distance is recorded with a minus sign.)
Consider the horizontal error (in centimeters) to be a random variable x; assume that x follows a normal distribution with an unknown population mean, μ, and standard deviation, σ. The rifle manufacturer wants the population mean of x to be zero, because this suggests that the automatic sighting mechanism, on average, is accurate.
To answer the questions that follow, download an Excel®® spreadsheet containing five observed values of the variable x by clicking on the following words in bold: Download Excel File
Go through the following steps to compute a 90% confidence interval for the population mean of x.
First, to produce an output similar to the table shown, use Excel 2010’s Descriptive Statistics tool by clicking the Data tab on the Ribbon. In the Data Analysis group, select Descriptive Statistics. Specify the input range of A1:A6, check Labels in first row, and specify the Output Range of B1. Finally, check the boxes for Summary statistics and Confidence Level for Mean. Enter the appropriate confidence level
In the following sample Excel sheet, enter the value of the mean in cell C3 (rounded to five decimal places), and enter the margin of error in cell C16 (rounded to six decimal places). NOTE: Excel uses the label "Confidence Level (90%)" instead of margin of error.
 
A
B
C
1 Horizontal Error, x    
2 0.0050    
3 –0.0098 Mean
_______
4 –0.0091 Standard Error 0.00441153
5 0.0064 Median 0.005
6 0.0122 Mode #N/A
7   Standard Deviation 0.009864482
8   Sample Variance 0.000097308
9   Kurtosis –2.626910746
10   Skewness –0.257649449
11   Range 0.022
12   Minimum –0.0098
13   Maximum 0.0122
14   Sum 0.0047
15   Count 5
16   Confidence Level (90%)
_________
 
You can be 90% confident that the population mean of x is between ____   and  _______  .
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