
(a)
Sample size, n =64
Significance level, =1 - 95%
=0.05
At 0.05 significance level and n - 1= 63 degrees of freedom(df), for two-tailed case, the critical value of t is:
t =1.998
Population standard deviation is unknown. So, we use t-score.
Given 95% confidence interval for the population mean, is:
(34.02, 35.98).
Sample mean, =(lower
bound+upper bound)/2 =(34.02+35.98)/2 =35
Margin of error, MoE =(upper bound - lower bound)/2 =(35. 98 - 34.02)/2 =0.98
We know that MoE =t.s/
So, 0.98 = s
=0.98(8)/1.998=3.924
Therefore, =35 and s
=3.924
(b)
Significance level, =1 - 90%
=0.10
At df =63 and 0.10 significance level, for two-tailed case, the
critical value of t is: t=1.669
90% confidence interval for the population mean, is:
=
=(34.18, 35.82)
Comparing two confidence intervals:
90% confidence interval is (34.18, 35.82)
95% confidence interval is (34.02, 35.98)
So, when confidence level is increased from 90% to 95% the width of the interval(difference between bounds) increased, i.e., the interval became wider. Hence, 95% confidence interval is more accurate than that of 90% confidence interval as it has more chance of including the population mean value.
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