A simple random sample of 30 items was selected The sample m

A simple random sample of 30 items was selected. The sample mean it was 20 and the population standard deviation is known to be 4. What is a 99% confidence interval for the population mean?
A simple random sample of 30 items was selected. The sample mean it was 20 and the population standard deviation is known to be 4. What is a 99% confidence interval for the population mean?
A simple random sample of 30 items was selected. The sample mean it was 20 and the population standard deviation is known to be 4. What is a 99% confidence interval for the population mean?

Solution

Note that              
              
Lower Bound = X - z(alpha/2) * s / sqrt(n)              
Upper Bound = X + z(alpha/2) * s / sqrt(n)              
              
where              
alpha/2 = (1 - confidence level)/2 =    0.005          
X = sample mean =    20          
z(alpha/2) = critical z for the confidence interval =    2.575829304          
s = sample standard deviation =    4          
n = sample size =    30          
              
Thus,              
              
Lower bound =    18.11888025          
Upper bound =    21.88111975          
              
Thus, the confidence interval is              
              
(   18.11888025   ,   21.88111975   ) [ANSWER]

 A simple random sample of 30 items was selected. The sample mean it was 20 and the population standard deviation is known to be 4. What is a 99% confidence int

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