00:01
All right, in your question, you're asked to complete three confidence intervals.
00:04
So a confidence interval is built by taking a statistic plus or minus a critical value times a standard error.
00:11
Your statistic in these questions will be your x bar.
00:15
The critical value is what we typically call z star, and standard error is found by taking the standard deviation of the sample divided by the square to the sample size.
00:26
Now, everything's given to you except for the z star value.
00:30
The z stars are based on your confidence level, and i'm going to show you how we find those.
00:38
Some of these are used so often we should really have them memorized.
00:42
So for example, before i even start here, z star for this question is going to be 1 .645.
00:49
Just because i have that memorized, we use a 90 % confidence interval fairly often.
00:55
But i don't have a 99 % confidence interval memorized.
01:00
So we have to know how to find them.
01:02
You could try to use a z table.
01:05
It's a little bit more challenging, but i'm going to use technology.
01:10
And what a critical value is, it's the upper z score that blocks off the confidence level you want in a normal distribution.
01:21
And the program i use to find those values would be inverse norm, and that can be found on most graphing calculators that have statistical operations or online.
01:33
And what you need to type in first is the area to the left of that z score.
01:38
That's the 90 % and the tail over here to the left, which would be 5%.
01:45
So it's going to be 0 .95 for the first confidence level.
01:52
And then just 0 .1.
01:54
We don't change that.
01:58
So if you type that in your calculator, you should get what i already said.
02:02
The first one's going to be 1 .645, and that is correct.
02:06
Let's do this for all three confidence intervals, and then we'll move on with actually building them.
02:14
So for the 99 % one, if i put a 99 % in here, there's half a percent to the left and half a percent to the right.
02:24
So the area we put in is 0 .99501...