Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
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 hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.