00:01
All right, so we have a nice little confidence interval exercise here.
00:06
I've got laboratory chicks, chicken eggs, and the mean amount of cholesterol, and that's what we're looking at.
00:17
So the point estimate for the mean amount of cholesterol is 193 milligrams.
00:27
And then just so we're clear, we have the stand sample standard deviation of 12.
00:33
And then what we want to do is, oh, check the requirements for our confidence interval.
00:36
Well, first off, we have to, we're assuming the population is normal.
00:42
We don't really know much about it.
00:44
But because we have an n greater than 30, see how it's 32, then we can apply the central limit theorem, which basically says that regardless of the distribution, if you have a sample size greater than 30, we can, the distribution will be approximately normal.
01:05
So it's good.
01:06
And we also have to have simple range.
01:09
Samples, just the idea of independent sampling.
01:15
So we're good.
01:17
So sample size and then central limit theorem.
01:22
Those are two big, big things we have to know, central limit theorem.
01:28
So now we can do our confidence interval, and we're going to use the t distribution, the t, use our t tables because we don't know the population standard deviation.
01:40
So we have to use the t distribution at this point.
01:43
That's fine.
01:43
We can do that.
01:44
And remember, we're approximately normal, so it's all good.
01:48
So for 90 % confidence interval, oh, let's do our formula first.
01:52
It's t.
01:53
Whoops, sorry, no.
01:54
It's a t -dist confidence interval.
02:02
It's going to be x bar, the point estimate, plus or minus our t, the alpha over two, comma, degrees of freedom, times this, times the sample, standard deviation over root n.
02:19
So here let's do our 90 % interval, 90 % confidence interval.
02:26
Let's get our t value.
02:28
It's alpha of 0 .1 over 2, with degrees of freedom of 31, and that is 1 .6.
02:41
And while we're at, we'll just keep going.
02:45
The 95 % has a t value of 0 .05 over 2.
02:53
Degrees of freedom of 31 and that is 2 .04 and then 99 % confidence interval with the t .1 over 2 degrees of freedom 31 is 2 .744.
03:12
So we just plug in our values and we get our interval so let's do this first one for 90%.
03:19
The x is 193 plus or minus the t value at 1 .696 times a the standard deviation of 12 over root 32.
03:34
And then what we're gonna get is a confidence interval.
03:40
It goes from 189 .40 to 196...