From a sample of 25 graduate​ students, the mean number of months of work experience prior to entering an MBA program was 33.59. The national standard deviation is known to be 19 months. What is a 90​% confidence interval for the population​ mean?

Respuesta :

Answer:

The 90​% confidence interval for the population​ mean is between 27.34 months and 39.84 months.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1-0.9}{2} = 0.05[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1-\alpha[/tex].

So it is z with a pvalue of [tex]1-0.05 = 0.95[/tex], so [tex]z = 1.645[/tex]

Now, find the margin of error M as such

[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

[tex]M = 1.645*\frac{19}{\sqrt{25}} = 6.25[/tex]

The lower end of the interval is the sample mean subtracted by M. So it is 33.59 - 6.25 = 27.34 months

The upper end of the interval is the sample mean added to M. So it is 33.59 + 6.25 = 39.84 months

The 90​% confidence interval for the population​ mean is between 27.34 months and 39.84 months.