in a survey, 24 people were asked how much they spent on their child's last birthday gift. the results were roughly bell-shaped with a mean of $35 and standard deviation of $15. construct a confidence interval at a 90% confidence level.



Answer :

The confidence interval at a 90% is 29.533 ≤ μ ≤ 40.467

Given that

mean = 35

standard deviation = 15

We compute the confidence interval as follows:

μ =¯ˣ± ME

Where:

  • μ = is the population mean,
  • ¯x = 35 is the sample mean and,
  • ME = is the margin of error.

To calculate the margin of error, we will use the t-distribution since the sample is very small n<30. Thus, our margin of error will be calculated as:

ME = t ×[tex]\frac{s}{\sqrt{n} }[/tex]

Where:

t = is the t-score at the 90% confidence level

degree of freedom df = 24 -1 =23

s = 15 is the standard deviation and,

n =24 is the sample size.

From the t-distribution tables, we will read the values of t at a critical value [tex]\alpha[/tex] = 0.10, and the degree of freedom is 23. This will give t= 1.714.

Thus, the margin of error is:

ME = 1.714 ×[tex]\frac{15}{\sqrt{23} }[/tex]

ME = 1.714 ×3.19

ME = 5.467

the confidence interval for the population mean is equal to:

μ = 35 ± 5.467

29.533 ≤ μ ≤ 40.467

To learn more about t- distribution table:

https://brainly.com/question/13574945

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