Respuesta :
Answer:
n =233
[tex]30.3-2.60\frac{7.1}{\sqrt{233}}=29.09[/tex]
[tex]30.3+2.60\frac{7.1}{\sqrt{233}}=31.51[/tex]
So on this case the 99% confidence interval would be given by (29.09;31.51)
n=15
[tex]30.7-2.98\frac{2.8}{\sqrt{15}}=28.54[/tex]
[tex]30.7+2.98\frac{2.8}{\sqrt{15}}=32.85[/tex]
So on this case the 99% confidence interval would be given by (28.54;32.85)
So the margin of error for the first case is :
[tex] Me= \frac{31.51-29.09}{2}= 1.21[/tex]
And for the second case we got:
[tex] Me= \frac{32.85-28.54}{2}= 2.155[/tex]
So we can see that if we increase the sample size the margin of error is significantly lower
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 critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:
[tex]df=n-1=233-1=232[/tex]
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: "=-T.INV(0.005,232)".And we see that [tex]t_{\alpha/2}=2.60[/tex]
Now we have everything in order to replace into formula (1):
[tex]30.3-2.60\frac{7.1}{\sqrt{233}}=29.09[/tex]
[tex]30.3+2.60\frac{7.1}{\sqrt{233}}=31.51[/tex]
So on this case the 99% confidence interval would be given by (29.09;31.51)
For the other info provided we have this:
[tex]df=n-1=15-1=14[/tex]
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: "=-T.INV(0.005,14)".And we see that [tex]t_{\alpha/2}=2.98[/tex]
Now we have everything in order to replace into formula (1):
[tex]30.7-2.98\frac{2.8}{\sqrt{15}}=28.54[/tex]
[tex]30.7+2.98\frac{2.8}{\sqrt{15}}=32.85[/tex]
So on this case the 99% confidence interval would be given by (28.54;32.85)
So the margin of error for the first case is :
[tex] Me= \frac{31.51-29.09}{2}= 1.21[/tex]
And for the second case we got:
[tex] Me= \frac{32.85-28.54}{2}= 2.155[/tex]
So we can see that if we increase the sample size the margin of error is significantly lower