Answer:
A sample of at least 541 is needed if we wish to be 98% confident that our sample mean will be within 4 hours of the true mean.
Step-by-step explanation:
We are given that an electrical firm manufactures light bulbs that have a length of life that is approximately normally distributed with a standard deviation of 40 hours.
We have to find a sample such that we are 98% confident that our sample mean will be within 4 hours of the true mean.
As we know that the Margin of error formula is given by;
The margin of error = [tex]Z_(_\frac{\alpha}{2}_) \times \frac{\sigma}{\sqrt{n} }[/tex]
where, [tex]\sigma[/tex] = standard deviation = 40 hours
n = sample size
[tex]\alpha[/tex] = level of significance = 1 - 0.98 = 0.02 or 2%
Now, the critical value of z at ([tex]\frac{0.02}{2}[/tex] = 1%) level of significance n the z table is given as 2.3263.
So, the margin of error = [tex]Z_(_\frac{\alpha}{2}_) \times \frac{\sigma}{\sqrt{n} }[/tex]
[tex]4=2.3263 \times \frac{40}{\sqrt{n} }[/tex]
[tex]\sqrt{n}= \frac{40 \times 2.3263}{ 4}[/tex]
[tex]\sqrt{n}=23.26[/tex]
n = [tex]23.26^{2}[/tex] = 541.03 ≈ 541
Hence, a sample of at least 541 is needed if we wish to be 98% confident that our sample mean will be within 4 hours of the true mean.