Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition

Published by McGraw-Hill Education
ISBN 10: 0078136334
ISBN 13: 978-0-07813-633-7

Chapter 7 - Confidence Intervals and Sample - Review Exercises - Section 7-1 - Page 407: 2

Answer

$\mu=7.5$ and $7.46\leq \mu\leq 7.54$

Work Step by Step

Given $\bar X=7.5, n=1500, c=0.95, \sigma=0.8$ we have $\alpha/2=0.025, Z_{\alpha/2}=1,96$ and the margin of error is $E=1.96\times\frac{0.8}{\sqrt {1500}}=0.04$ The confidence interval can be constructed as (7.5-0.04, 7.5+0.04) which is (7.46, 7.54) The point estimate of the population mean is $\mu=7.5$ The 95% confidence interval of the true mean is $7.46\leq \mu\leq 7.54$
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