Asked by Monica Landrum on Apr 28, 2024

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Use the formula Use the formula   , where   = to calculate the 99% confidence interval for a sample of N = 15 with a mean   = 7.50 and standard deviation (s)  = 1.25. A)  99% CI = 7.50 ± .69 B)  99% CI = 7.50 ± .56 C)  99% CI = 7.50 ± .95 D)  99% CI = 7.50 ± 3.30 , where Use the formula   , where   = to calculate the 99% confidence interval for a sample of N = 15 with a mean   = 7.50 and standard deviation (s)  = 1.25. A)  99% CI = 7.50 ± .69 B)  99% CI = 7.50 ± .56 C)  99% CI = 7.50 ± .95 D)  99% CI = 7.50 ± 3.30 = to calculate the 99% confidence interval for a sample of N = 15 with a mean Use the formula   , where   = to calculate the 99% confidence interval for a sample of N = 15 with a mean   = 7.50 and standard deviation (s)  = 1.25. A)  99% CI = 7.50 ± .69 B)  99% CI = 7.50 ± .56 C)  99% CI = 7.50 ± .95 D)  99% CI = 7.50 ± 3.30 = 7.50 and standard deviation (s) = 1.25.

A) 99% CI = 7.50 ± .69
B) 99% CI = 7.50 ± .56
C) 99% CI = 7.50 ± .95
D) 99% CI = 7.50 ± 3.30

Confidence Interval

A span of numerical values, calculated from statistics of a sample, that is expected to encompass the value of a not yet known population parameter with a certain degree of confidence.

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.

Mean

The mean of a number set, found by dividing the total sum of the numbers by the quantity of numbers present in the set.

  • Understand thoroughly the concept of confidence intervals and the approach taken to calculate them.
  • Adopt the formula to gauge the 99% confidence span.
  • Recognize the impact of the standard deviation and standard error on confidence intervals.
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ET
Emelyn TuckerMay 04, 2024
Final Answer :
C
Explanation :
The formula for a confidence interval is:

CI = X̄ ± t(alpha/2, df) * (s/√n)

Where:
X̄ = sample mean
t(alpha/2, df) = t-value for the desired confidence level (alpha) and degrees of freedom (df)
s = sample standard deviation
n = sample size

Given:
X̄ = 7.50
s = 1.25
n = 15

We need to find the t-value for a 99% confidence interval and 14 degrees of freedom (df = n-1). Using a t-table or calculator, we find that t(0.995, 14) = 2.977.

Plugging in the values, we get:

CI = 7.50 ± 2.977 * (1.25/√15)
CI = 7.50 ± 0.945

Therefore, the 99% confidence interval is 7.50 ± 0.95, which is closest to option C.