Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Answer:
(6243.99, 11014.53) ; 2385.27 ; (7998.17, 9260.34) ;
Step-by-step explanation:
Given the data:
6416; 1550; 2110; 9351; 21830; 4299; 5945; 5722; 2827; 2046; 5481; 5202; 5855; 2749; 10011; 6356; 27000; 9415; 7683; 3202; 17502; 9200; 7380; 18315; 6557; 13714; 17767; 7491; 2769; 2861; 1264; 7284; 28165; 5081; 11624
Using calculator :
Sample mean, m= 8629.25714
Sample standard deviation, s = 6943.92362
1.) T test distribution ;
Sample size, n = 35
Confidence interval (C. I) : m ± Zcritical * s/sqrt(n)
n = sample size = 35
Tn-1,0.025 = t34, 0.025 = 2.0322
C.I = 8629.25714 ± 2.0322 * (6943.92362 / sqrt(35))
C.I = 8629.25714 ± 2385.2689
Lower bound = 8629.25714 - 2385.2689 = 6243.98824
Upper bound = 8629.25714 + 2385.2689 = 11014.52604
(6243.99, 11014.53)
Error bound :
E = t34, 0.025 * (s/sqrt(n))
E = 2.0322 * 6943.92362 / sqrt(35)
E = 2.0322 * 1173.7373
E = 2385.27
C.)
If n = 500
C.I = 8629.25714 ± 2.0322 * (6943.92362 / sqrt(500))
C.I = 8629.25714 ± 631.08285
Lower bound = 8629.25714 - 631.08285 = 7998.17429
Upper bound = 8629.25714 + 631.08285 = 9260.33999
(7998.17, 9260.34)
Error bound :
E = t34, 0.025 * (s/sqrt(n))
E = 2.0322 * 6943.92362 / sqrt(500)
E = 2.0322 * 310.54170
E = 631.08
Both the error margin and the confidence interval reduces due to large sample size.
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.