From a sample of 37 graduate​ students, the mean number of months of work experience prior to entering an MBA program was 35.15. The national standard deviation is known to be 18 months. What is a 95​% confidence interval for the population​ mean?

Respuesta :

Answer: (29.35, 40.95)

Step-by-step explanation:

Formula to find the confidence interval for population mean :-

[tex]\overline{x}\pm z^*\dfrac{\sigma}{\sqrt{n}}[/tex]

, where [tex]\overline{x}[/tex] = sample mean.

z*= critical z-value

n= sample size.

[tex]\sigma[/tex] = Population standard deviation.

As per given , we have

[tex]\overline{x}=35.15[/tex]

[tex]\sigma=18[/tex]

n= 37

Using z-table, the critical z-value for 95% confidence = z* = 1.96

Then, the confidence interval for the population mean will be :

[tex]35.15\pm (1.96)\dfrac{18}{\sqrt{37}}[/tex]

[tex]=35.15\pm (1.96)\dfrac{1.7}{6.08276}[/tex]

[tex]=35.15\pm (1.96)(2.95918)[/tex]

[tex]\approx35.15\pm5.80[/tex]

[tex]=(35.15-5.80,\ 35.15+5.80)=(29.35,\ 40.95)[/tex]

Hence, a 95​% confidence interval for the population​ mean = (29.35, 40.95)