Problem

Use the following sample to estimate a population mean $\mu$. \[ \begin{array}{|c|} \hline 73.4 \\ \hline 81.7 \\ \hline 65.9 \\ \hline 63.2 \\ \hline 64.6 \\ \hline \end{array} \] Assuming the population is normally distributed, find the $90 \%$ confidence interval about the population mean. Enter your answer as an open-interval (i.e., parentheses) accurate to two decimal places. \[ 90 \% \text { C.I. }= \]

Solution

Step 1 :Given a sample of data: \([73.4, 81.7, 65.9, 63.2, 64.6]\)

Step 2 :Calculate the sample mean (\(\bar{x}\)): \(\bar{x} = \frac{73.4 + 81.7 + 65.9 + 63.2 + 64.6}{5} = 69.76\)

Step 3 :Calculate the sample standard deviation (\(s\)): \(s = \sqrt{\frac{(73.4-69.76)^2 + (81.7-69.76)^2 + (65.9-69.76)^2 + (63.2-69.76)^2 + (64.6-69.76)^2}{5-1}} = 7.75\)

Step 4 :Find the z-score corresponding to a 90% confidence level: \(z = 1.645\)

Step 5 :Substitute these values into the formula for the confidence interval: \(\bar{x} \pm z \frac{s}{\sqrt{n}}\)

Step 6 :Calculate the lower bound of the confidence interval: \(64.06 = 69.76 - 1.645 \times \frac{7.75}{\sqrt{5}}\)

Step 7 :Calculate the upper bound of the confidence interval: \(75.46 = 69.76 + 1.645 \times \frac{7.75}{\sqrt{5}}\)

Step 8 :\(\boxed{\text{Final Answer: The 90% confidence interval for the population mean is } (64.06, 75.46)}\)

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Source: https://solvelyapp.com/problems/17921/

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