Respuesta :
Answer:
a) The 95% confidence interval would be given by (509.672;550.329)
b) n=794
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=530[/tex] represent the sample mean
[tex]\mu[/tex] population mean (variable of interest)
s=70 represent the sample standard deviation
n=40 represent the sample size
2) Part a
The assumptions in order to do a t confidence interval are:
1) Data selected from a random sample (Assumed)
2) Sample size large (n=48>30) (Satisfied)
3) Population deviation [tex]\sigma[/tex] unknown (Assumed)
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=48-1=47[/tex]
Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.025,47)".And we see that [tex]t_{\alpha/2}=2.012[/tex]
Now we have everything in order to replace into formula (1):
[tex]530-2.012\frac{70}{\sqrt{48}}=509.672[/tex]
[tex]530+2.012\frac{70}{\sqrt{48}}=550.329[/tex]
So on this case the 95% confidence interval would be given by (509.672;550.329)
3) Part b
On this case the margin of error is given by:
[tex]Me=t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex]
And we want Me=5 and the same confidence level, and we have also the critical value [tex]t_{\alpha/2}[/tex] so we can solve for n like this:
[tex]n=(\frac{t_{\alpha/2} s}{Me})^2 =(\frac{2.012(70)}{5})^2 =793.436[/tex]
And rounded up to the nearest integer would be n=794