ecn 221 A random sample of 10 miniature Tootsie Rolls was taken from a bag. Each piece was weighed on a very accurate scale. The results in grams were 3.0873.1313.2413.2413.2703.3533.4003.4113.4373.477 Click here for the Excel Data File (a) Construct a 90% confidence interval for the true mean weight. (Round your answers to 4 decimal places.)

Respuesta :

Answer:

[tex]3.3048-1.83\frac{0.132}{\sqrt{10}}=3.2284[/tex]    

[tex]3.3048 +1.83\frac{0.132}{\sqrt{10}}=3.3812[/tex]    

So on this case the 90% confidence interval would be given by (3.2284;3.3812)    

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  

Data: 3.087  3.131 3.241 3.241  3.270  3.353  3.400  3.411  3.437  3.477

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 mean and the sample deviation we can use the following formulas:  

[tex]\bar X= \sum_{i=1}^n \frac{x_i}{n}[/tex] (2)  

[tex]s=\sqrt{\frac{\sum_{i=1}^n (x_i-\bar X)}{n-1}}[/tex] (3)  

The mean calculated for this case is [tex]\bar X=3.3048[/tex]

The sample deviation calculated [tex]s=0.132[/tex]

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=10-1=9[/tex]

Since the Confidence is 0.90 or 90%, the value of [tex]\alpha=0.1[/tex] and [tex]\alpha/2 =0.05[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.05,9)".And we see that [tex]t_{\alpha/2}=1.83[/tex]

Now we have everything in order to replace into formula (1):

[tex]3.3048-1.83\frac{0.132}{\sqrt{10}}=3.2284[/tex]    

[tex]3.3048 +1.83\frac{0.132}{\sqrt{10}}=3.3812[/tex]    

So on this case the 90% confidence interval would be given by (3.2284;3.3812)