Objective: Finding a confidence interval We are interested in finding a 90% confidence interval on κκ. A sample of size 25 provided a point estimate of 5, a standard deviation of 1.9, and a margin of error of 0.2. Provide the interval below with 1 decimal place.   (  ,  )

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Objective: Finding a confidence interval

We are interested in finding a 90% confidence interval on κκ. A sample of size 25 provided a point estimate of 5, a standard deviation of 1.9, and a margin of error of 0.2. Provide the interval below with 1 decimal place.

 

(  ,  )

Expert Solution
Step 1

From the information, the sample size is 25, sample mean is 5, standard deviation is 1.9 and the margin of error is 0.2.

The degrees of freedom is,

df=n-1=25-1=24

The critical-value is obtained by using Excel function “=TINV(probability, degrees of freedom)”.

Output obtained from Excel is given below:

Statistics homework question answer, step 1, image 1

From the output, the t* is 1.711.

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