Respuesta :
Answer:
a) [tex]ME= 1.83 \frac{0.87}{\sqrt{10}}=0.5035[/tex]
b) 90% of all samples of size 10 have sample means within 0.5035 of the population mean.
c) The 90% confidence interval would be given by (6.636;7.643)
d) Yes, since the lower limit for the 90% confidence interval is higher than the value of 6.5 we can conclude that the true mean is significantly higher than 6.5 at 10% of significance. (6.636>6.5)
e) If we increase the confidence level that implies increase the margin of error. Since with more confidence level the value for the critical value [tex]t_{\alpha/2}[/tex] increase. So then the new interval would be wider than the original.
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=7.14[/tex] represent the sample mean for the sample
[tex]\mu[/tex] population mean (variable of interest)
s=0.87 represent the sample standard deviation
n=10 represent the sample size
Part a
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)
And the margin of error is given by:
[tex]ME= t_{\alpha/2}\frac{s}{\sqrt{n}}[/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]
[tex]ME= 1.83 \frac{0.87}{\sqrt{10}}=0.5035[/tex]
Part b
90% of all samples of size 10 have sample means within 0.5035 of the population mean.
Part c
Now we have everything in order to replace into formula (1):
[tex]7.14-1.83\frac{0.87}{\sqrt{10}}=6.637[/tex]
[tex]7.14+1.83\frac{0.87}{\sqrt{10}}=7.643[/tex]
So on this case the 90% confidence interval would be given by (6.636;7.643)
Part d
Yes, since the lower limit for the 90% confidence interval is higher than the value of 6.5 we can conclude that the true mean is significantly higher than 6.5 at 10% of significance. (6.636>6.5)
Part e
If we increase the confidence level that implies increase the margin of error. Since with more confidence level the value for the critical value [tex]t_{\alpha/2}[/tex] increase. So then the new interval would be wider than the original.