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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)

  1. Assuming a mean (point estimate) of 120, standard deviation of 18, sample size of 81 and a 95% confidence level. Find:
  2. Standard error (4 marks)
  3. Margin of error (4 marks)
  4. Confidence interval estimate (4 marks)

  1. XYZ Company is considering a sample study with the following ten (10) values:

23

25

26

28

28

29

31

34

40

40

  1. Determine the mean (x) value (4 marks)
  2. Calculate the standard deviation (maintain 2 decimal point) (6 marks)
  3. Given a 95% confidence level, construct a confidence interval estimate (12 marks)

  1. Identify:
    1. The critical value of z given 99% confidence level (2 marks)
    2. The critical value of t given 80% confidence level and df = 20

(2 marks)

  1. The critical value of t given 90% confidence level and sample size of 22 (2 marks)
  2. The critical value of z given 89.9 confidence level (2 marks)
  3. The critical value of z given 75% confidence level (2 marks)

  1. 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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