00:01
We have been given some sample data.
00:02
The sample size n is 50.
00:05
The sample mean x bar is 651 .1.
00:09
The sample standard deviation s is 300 and 11 .7.
00:14
We want a confidence interval for the improvements in traffic flow.
00:19
So we have some sample information.
00:22
We want the population mean.
00:24
The formula for this confidence interval is x bar, the point estimate, plus and minus the margin of error zs over root n.
00:33
S over root n is our estimate of the standard error, sigma over root n.
00:39
Z is the critical value we're going to be using here.
00:41
It's not the only critical value, there's also t, but z is preferable if you can make an argument to use it.
00:48
The main reason that you get to use z is if sigma, the do often use z if we have a large sample.
01:01
And the cutoff point varies based on courses, but n over 30 is a good starting point...