Answer :
Answer:
(a) Point estimate = 7.10
(b) The critical value is 1.960
(c) Margin of error = 0.800
(d) Confidence Interval = (6.3, 7.9)
(e) We are 90% confident that the average number of hours worked by the students is between 6.3 and 7.9
Step-by-step explanation:
Given
[tex]\bar x = 7.10[/tex] -- sample mean
[tex]\sigma=5[/tex] --- sample standard deviation
[tex]n = 150[/tex] --- samples
Solving (a): The point estimate
The sample mean can be used as the point estimate.
Hence, the point estimate is 7.10
Solving (b): The critical value
We have:
[tex]CI = 90\%[/tex] --- the confidence interval
Calculate the [tex]\alpha[/tex] level
[tex]\alpha = 1 - CI[/tex]
[tex]\alpha = 1 - 90\%[/tex]
[tex]\alpha = 1 - 0.90[/tex]
[tex]\alpha = 0.10[/tex]
Divide by 2
[tex]\frac{\alpha}{2} = 0.10/2[/tex]
[tex]\frac{\alpha}{2} = 0.05[/tex]
Subtract from 1
[tex]1 - \frac{\alpha}{2} = 1 - 0.05[/tex]
[tex]1 - \frac{\alpha}{2} = 0.95[/tex]
From the z table. the critical value for [tex]1 - \frac{\alpha}{2} = 0.95[/tex] is:
[tex]z = 1.960[/tex]
Solving (c): Margin of error
This is calculated as:
[tex]E = z * \frac{\sigma}{\sqrt n}[/tex]
[tex]E = 1.960 * \frac{5}{\sqrt {150}}[/tex]
[tex]E = 1.960 * \frac{5}{12.25}[/tex]
[tex]E = \frac{1.960 *5}{12.25}[/tex]
[tex]E = \frac{9.80}{12.25}[/tex]
[tex]E = 0.800[/tex]
Solving (d): The confidence interval
This is calculated as:
[tex]CI = (\bar x - E, \bar x + E)[/tex]
[tex]CI = (7.10 - 0.800, 7.10 + 0.800)[/tex]
[tex]CI = (6.3, 7.9)[/tex]
Solving (d): The conclusion
We are 90% confident that the average number of hours worked by the students is between 6.3 and 7.9