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Assuming a mean (point estimate) of 120, standard deviation of 18, sample size of 81 and a 95% confidence level. Find: Standard error (4 marks)
- Assuming a mean (point estimate) of 120, standard deviation of 18, sample size of 81 and a 95% confidence level. Find:
- Standard error (4 marks)
- Margin of error (4 marks)
- Confidence interval estimate (4 marks)
- XYZ Company is considering a sample study with the following ten (10) values:
23 | 25 | 26 | 28 | 28 |
29 | 31 | 34 | 40 | 40 |
- Determine the mean (x) value (4 marks)
- Calculate the standard deviation (maintain 2 decimal point) (6 marks)
- Given a 95% confidence level, construct a confidence interval estimate (12 marks)
- Identify:
- The critical value of z given 99% confidence level (2 marks)
- The critical value of t given 80% confidence level and df = 20
(2 marks)
- The critical value of t given 90% confidence level and sample size of 22 (2 marks)
- The critical value of z given 89.9 confidence level (2 marks)
- The critical value of z given 75% confidence level (2 marks)
- Assume a 95% confidence level, standard deviation of 40, and a margin of error of 2.5. what sample size should the researcher use in his research work? (6 marks)
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