Respuesta :
Answer:
[tex]487-1.64\frac{14}{\sqrt{17}}=481.43[/tex]
[tex]487+1.64\frac{14}{\sqrt{17}}=492.57[/tex]
So on this case the 90% confidence interval would be given by (481.43;492.57)
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".
We have the following dataset:
540, 744, 710, 251, 285, 591, 472, 370, 268, 608, 421, 693, 506, 268, 200, 778, 574
We can calculate the sample mean with the following formula:
[tex] \bar x = \frac{\sum_{i=1}^n X_i}{n}[/tex]
[tex]\bar X=487[/tex] represent the sample mean
[tex]\mu[/tex] population mean (variable of interest)
[tex]\sigma=190[/tex] represent the population standard deviation
n=17 represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}[/tex] (1)
Develop a 90% confidence interval about the mean.
Since the confidence is 0.9 or 90%, the value of [tex]\alpha=1-0.9=0.1[/tex] and [tex]\alpha/2 =0.05[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.05,0,1)".And we see that [tex]z_{\alpha/2}=1.64[/tex]
Now we have everything in order to replace into formula (1):
[tex]487-1.64\frac{14}{\sqrt{17}}=481.43[/tex]
[tex]487+1.64\frac{14}{\sqrt{17}}=492.57[/tex]
So on this case the 90% confidence interval would be given by (481.43;492.57)