Answer:
The confidence interval will be given by:
[tex]200000 \pm 44.72z[/tex], in which z is related to the confidence level.
For a confidence level of x%, z is the value in the z-table that has a pvalue of [tex]1 - \frac{1 - z}{2}[/tex]
Step-by-step explanation:
Central Limit Theorem
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
In the context of this problems:
It means that the sampling distributions of the sample mean of 500 components will be approximated normal, with mean 200,000 and standard deviation [tex]s = \frac{1000}{\sqrt{500}} = 44.72[/tex]
To build the confidence interval:
The confidence interval for the average length of life of the electronic components they produced will be given by:
[tex]200000 \pm 44.72z[/tex], in which z is related to the confidence level.
For a confidence level of x%, z is the value in the z-table that has a pvalue of [tex]1 - \frac{1 - z}{2}[/tex]