Small Sample Estimation of a Population Mean

Statistics
Tutor: None Selected Time limit: 1 Day

Mar 12th, 2015

Since we don't know the population standard deviation, only that for the sample, we should use a t-distribution here, with df = n-1 = 25. The critical t-stat for a 95% confidence interval will be:

t_crit = t.inv(p=0.975,df=25) = 2.059538553

The standard error is sample sd / sqrt(n) = 0.375/sqrt(26)

SEM = 0.073543551

So the 95% confidence interval for the sample mean is given by 

sample mean +/- t_crit x SEM

= 25.25 +/- 2.059538553 x 0.073543551

= [25.099 to 25.401]


Mar 12th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Mar 12th, 2015
...
Mar 12th, 2015
May 25th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer