Confidence Interval Math Example 1
Follow the full solution, then compare it with the other examples linked below.
Example 1
mediumA sample of has and . Construct a 95% confidence interval for the population mean.
Solution
- 1 Standard error:
- 2 Critical value for 95% CI:
- 3 Margin of error:
- 4 95% CI:
Answer
95% CI: . We are 95% confident the population mean is in this interval.
A 95% confidence interval means: if we repeated this sampling procedure many times, 95% of the resulting intervals would contain the true population mean. The interval does NOT say there's a 95% chance the mean is in this specific interval โ the mean is fixed, the interval is random.
About Confidence Interval
A range of values, computed from sample data, that is likely to contain the true population parameter with a specified level of confidence.
Learn more about Confidence Interval โMore Confidence Interval Examples
Example 2 hard
Compare 90% and 99% confidence intervals for [formula], [formula], [formula]. Calculate both and exp
Example 3 easyA 95% CI for a population mean is [formula]. Find the sample mean [formula] and the margin of error
Example 4 hardTo achieve a margin of error of [formula] with 95% confidence, given [formula], find the required sa