Respuesta :
Answer:
a) [tex]21-2.58\frac{52}{\sqrt{350}}=13.83[/tex]
[tex]21+2.58\frac{52}{\sqrt{350}}=28.17[/tex]
So on this case the 99% confidence interval would be given by (13.83;28.17)
b) [tex] ME=2.58\frac{52}{\sqrt{350}}=7.17[/tex]
c) [tex] ME=2.58\frac{52}{\sqrt{100}}=13.42[/tex]
d) D. Decreasing the sample size increases the margin of error, provided the confidence level and population standard deviation remain the same.
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".
Part a
[tex]\bar X=21[/tex] represent the sample mean
[tex]\mu[/tex] population mean (variable of interest)
[tex]\sigma=52[/tex] represent the population standard deviation
n=350 represent the sample size
99% confidence interval
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)
Since the Confidence is 0.99 or 99%, the value of [tex]\alpha=0.01[/tex] and [tex]\alpha/2 =0.005[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.005,0,1)".And we see that [tex]z_{\alpha/2}=2.58[/tex]
Now we have everything in order to replace into formula (1):
[tex]21-2.58\frac{52}{\sqrt{350}}=13.83[/tex]
[tex]21+2.58\frac{52}{\sqrt{350}}=28.17[/tex]
So on this case the 99% confidence interval would be given by (13.83;28.17)
Part b
The margin of error is given by:
[tex] ME=2.58\frac{52}{\sqrt{350}}=7.17[/tex]
Part c
The margin of error is given by:
[tex] ME=2.58\frac{52}{\sqrt{100}}=13.42[/tex]
Part d
As we can see when we reduce the sample size we increase the margin of error so the best option for this case is:
D. Decreasing the sample size increases the margin of error, provided the confidence level and population standard deviation remain the same.
