00:02
To calculate these three confidence intervals, we're going to be using this formula where x bar is the sample mean, which in this case is 30.
00:10
We also know s, the standard deviation, is 7.
00:15
We know n, the sample size is 100.
00:19
And then for our critical value t, we're going to need the t distribution critical value table.
00:24
We're going to do degrees of freedom 99, or in the case of the table, we're going to go down to 80.
00:29
And at 99 % confidence, the critical value is 2 .639.
00:41
And then i'm going to take my calculator and calculate our margin of error, which is the right side of the plus or minus sign.
00:48
That works out to be 1 .8473.
00:54
And then that means the lower bound of our confidence interval is going to be 30 minus 1 .8473.
01:01
And we want to round to three decimal places, so the lower bound will be 29 .153, and the upper bound 30 plus 1 .8473 is going to be 31 .8477...