The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample of business travelers is selected and each traveler is asked to provide a rating for the Miami International Airport. The ratings obtained from the sample of business travelers follow. 1 5 6 7 8 8 8 9 9 9 9 10 3 4 5 5 7 6 8 9 10 5 4 6 5 7 3 1 9 8 8 9 9 10 7 6 4 8 10 2 5 1 8 6 9 6 8 8 10 10 Develop a confidence interval estimate of the population mean rating for Miami. Round your answers to two decimal places.

Respuesta :

Answer:

[tex]6.76-2.01\frac{2.55}{\sqrt{50}}=6.03[/tex]    

[tex]6.76+2.01\frac{2.55}{\sqrt{50}}=7.49[/tex]    

The 95% confidence interval would be given by (6.03;7.49)    

Step-by-step explanation:

Notation

[tex]\bar X[/tex] represent the sample mean

[tex]\mu[/tex] population mean (variable of interest)

s represent the sample standard deviation

n=50 represent the sample size  

Solution

The confidence interval for the mean is given by the following formula:

[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex]   (1)

We can calculate the mean and the sample deviation we can use the following formulas:  

[tex]\bar X= \sum_{i=1}^n \frac{x_i}{n}[/tex] (2)  

[tex]s=\sqrt{\frac{\sum_{i=1}^n (x_i-\bar X)}{n-1}}[/tex] (3)  

The mean calculated for this case is [tex]\bar X=6.76[/tex]

The sample deviation calculated [tex]s=2.55[/tex]

In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:

[tex]df=n-1=50-1=49[/tex]

We assume a standard confidence level of 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a tabel to find the critical value. The excel command would be: "=-T.INV(0.025,49)".And we see that [tex]t_{\alpha/2}=2.01[/tex]

Now we have everything in order to replace into formula (1):

[tex]6.76-2.01\frac{2.55}{\sqrt{50}}=6.03[/tex]    

[tex]6.76+2.01\frac{2.55}{\sqrt{50}}=7.49[/tex]    

The 95% confidence interval would be given by (6.03;7.49)