Respuesta :
Answer:
[tex]438.53-2.12\frac{14.988}{\sqrt{17}}=430.82[/tex]
[tex]438.53+2.12\frac{14.988}{\sqrt{17}}=446.24[/tex]
So on this case the 95% confidence interval would be given by (430.82;446.24)
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X[/tex] represent the sample mean for the sample
[tex]\mu[/tex] population mean (variable of interest)
s represent the sample standard deviation
n represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
In order to calculate the mean and the sample deviation we can use the following formulas:
[tex]\bar X= \sum_{i=1}^n \frac{x_i}{n}[/tex] (2)
[tex]s=\sqrt{\frac{\sum_{i=1}^n (x_i-\bar X)}{n-1}}[/tex] (3)
The mean calculated for this case is [tex]\bar X=438.53[/tex]
The sample deviation calculated [tex]s=14.988[/tex]
In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:
[tex]df=n-1=17-1=16[/tex]
Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.025,16)".And we see that [tex]t_{\alpha/2}=2.12[/tex]
Now we have everything in order to replace into formula (1):
[tex]438.53-2.12\frac{14.988}{\sqrt{17}}=430.82[/tex]
[tex]438.53+2.12\frac{14.988}{\sqrt{17}}=446.24[/tex]
So on this case the 95% confidence interval would be given by (430.82;446.24)
