00:01
We have been given some sample data.
00:02
Sample size n is 35, sample mean x bar is 15 .9, and the sample standard deviation s is 2 .2.
00:13
We want a confidence interval for the population mean.
00:17
The formula for this is x bar, point estimate, plus and minus the margin of error, t s over root n.
00:24
T is my critical value here.
00:26
It's not the only critical value, there's also z, and z is preferable but we cannot use it because sigma, population standard deviation, is unknown.
00:35
If i had sigma instead of s i'd be using z here.
00:40
To get t we need three pieces of information.
00:43
First that we want the two -tailed value, our interval will have two bounds and then tails beyond those.
00:49
Alpha is one minus confidence, so we want 95 % confidence making alpha 5%.
00:55
Degrees of freedom is n minus one, so that's 34.
01:01
If you put this information into your t value table or software of your choice you get the critical value 2 .032.
01:08
Now let's put these values into this formula.
01:12
So it looks like 15 .9 plus and minus the error, which i will calculate now, 2 .032 multiplied by 2 .2 and divide by root 35, which gives me a margin of error of 0 .76 to two decimal places.
01:30
If i subtract that from the point estimate i get the lower bound, 15 .14.
01:36
If i add it on i get the upper bound, 16 .66.
01:41
And there is my confidence interval for the population mean...