Can you please help me I have the following information calu
Can you please help me? I have the following information calulated but I am still lost.
n=12
x=4338.917
s=394.3707
Thank you.
Solution
n=12
x=4338.917
s=394.3707
z for 99% confidence interval = 2.575
First we need to calculate the standard error ,
SE = (z * s) / sqrt(n)
= (2.575 * 394.3707) / sqrt(12)
=293.1509
Therefore confidence interval = ( mu - SE , mu + SE )
= ( 4338.917 - 293.1509 , 4338.917 + 293.1509 )
= ( 4045.7 ,4632.1 ) Answer
