document.write( "Question 1200393: If n=440 and X = 352, construct a 99% confidence interval.\r
\n" );
document.write( "\n" );
document.write( "Give your answers to three decimals\r
\n" );
document.write( "\n" );
document.write( " ______< p <_______
\n" );
document.write( " \n" );
document.write( "
Algebra.Com's Answer #845045 by amarjeeth123(569)![]() ![]() ![]() You can put this solution on YOUR website! Mean confidence interval: [-43.167 , 43.167]. \n" ); document.write( "Alternatively: 0 ± 43.167 \n" ); document.write( "Margin of Error (MOE): 43.167. \n" ); document.write( "Standard Error (S.E): 16.686.\r \n" ); document.write( "\n" ); document.write( "Since you use the sample standard deviation (S), the formula uses the t-distribution with n-1 degrees of freedom.\r \n" ); document.write( "\n" ); document.write( "If you would calculate the confidence interval over an infinite number of samples with a sample size of 440, 99% (CL) of the calculated confidence intervals will contain the mean's true value, and 1% (α) of the calculated confidence intervals will not contain the mean's true value.\r \n" ); document.write( "\n" ); document.write( "Calculation steps \n" ); document.write( "The mean confidence interval formula is: \n" ); document.write( "x̄ ± MOE \n" ); document.write( "x̄ ± T1-α/2(df) * S \n" ); document.write( "√n\r \n" ); document.write( "\n" ); document.write( "Calculate the degrees of freedom: \n" ); document.write( "df = n - 1 = 440 - 1 = 439\r \n" ); document.write( "\n" ); document.write( "Calculate the significance level: \n" ); document.write( "α = 1 - CL = 1 - 0.99 = 0.01.\r \n" ); document.write( "\n" ); document.write( "Calculate the probability (p): \n" ); document.write( "p= 1 - α/2 = 1 - 0.01/2 = 0.995.\r \n" ); document.write( "\n" ); document.write( "If we don't know the population standard deviation we have to use the t-distribution only.\r \n" ); document.write( "\n" ); document.write( "Calculate the t-score: \n" ); document.write( "T0.995(439) = 2.587 \n" ); document.write( "x̄ ± T0.995(439) * 350 \n" ); document.write( "√440 \n" ); document.write( "0 ± 2.587 * 350 \n" ); document.write( "√440 \n" ); document.write( "0 ± 2.587 * 16.686 \n" ); document.write( "0 ± 43.167\r \n" ); document.write( "\n" ); document.write( "Since Tα/2 = -T1-α/2 , you may use Tα/2 instead of T1-α/2 \n" ); document.write( " |