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Confidence Intervals & Probability Review – Step-by-Step Guidance

Study Guide - Smart Notes

Tailored notes based on your materials, expanded with key definitions, examples, and context.

Q1. A sample of 36 yields a mean weight of 1.02 pounds per box. Construct an 80% confidence interval for the mean weight of all boxes, assuming the weight is normally distributed with a population standard deviation of 0.20 pounds. (2 decimal places)

Background

Topic: Confidence Intervals for the Mean (Normal Distribution, Known Population Standard Deviation)

This question tests your ability to construct a confidence interval for the population mean when the population standard deviation is known and the sample size is given.

Key Terms and Formulas:

  • Confidence Interval (CI): Range of values likely to contain the population mean.

  • Standard Error (SE):

  • Z-score for confidence level: Find for 80% confidence.

  • CI formula:

Step-by-Step Guidance

  1. Identify the sample mean (), population standard deviation (), and sample size ().

  2. Calculate the standard error:

  3. Determine the z-score for an 80% confidence interval. For 80%, , so . Find .

  4. Set up the confidence interval formula:

Normal distribution with shaded confidence interval

Try solving on your own before revealing the answer!

Final Answer: (0.956, 1.084)

, , so gives the interval.

This interval estimates the range in which the true mean weight of all boxes is likely to fall with 80% confidence.

Q2. A car dealership wants to estimate the mean mpg of its new model car with 80% confidence. The population is normally distributed, and a sample of 25 cars yields a mean of 96.52 mpg and a population standard deviation of 2.82. Construct an 80% confidence interval for the population mean mpg.

Background

Topic: Confidence Intervals for the Mean (Normal Distribution, Known Population Standard Deviation)

This question tests your ability to construct a confidence interval for the mean mpg using a sample mean, known population standard deviation, and sample size.

Key Terms and Formulas:

  • Sample mean (), population standard deviation (), sample size ()

  • Standard Error:

  • Z-score for 80% confidence:

  • Confidence Interval:

Step-by-Step Guidance

  1. Identify the sample mean (), population standard deviation (), and sample size ().

  2. Calculate the standard error:

  3. Determine the z-score for an 80% confidence interval ().

  4. Set up the confidence interval formula:

Normal distribution with shaded confidence interval

Try solving on your own before revealing the answer!

Final Answer: (93.700, 99.340)

, , so gives the interval.

This interval estimates the range in which the true mean mpg is likely to fall with 80% confidence.

Q3. A random sample of size 36 is selected from a normally distributed population with a mean of 20.0 and a population standard deviation of 4.0. What is the probability that the sample mean will be between 19.0 and 21.0?

Background

Topic: Sampling Distribution of the Mean (Normal Distribution)

This question tests your ability to use the sampling distribution of the mean to find the probability that the sample mean falls within a specified range.

Key Terms and Formulas:

  • Sampling distribution mean:

  • Standard error:

  • Z-score:

  • Probability: Use the standard normal table to find

Step-by-Step Guidance

  1. Calculate the standard error:

  2. Find the z-scores for 19.0 and 21.0: ,

  3. Use the standard normal table to find the probability between these z-scores.

Normal distribution with shaded probability region

Try solving on your own before revealing the answer!

Final Answer: 0.866

The probability that the sample mean is between 19.0 and 21.0 is approximately 86.6%.

Q4. What is the probability that the sample mean will be between 19.5 and 20.5?

Background

Topic: Sampling Distribution of the Mean (Normal Distribution)

This question tests your ability to calculate the probability that the sample mean falls within a narrower range using the sampling distribution.

Key Terms and Formulas:

  • Standard error:

  • Z-score:

  • Probability: Use the standard normal table for

Step-by-Step Guidance

  1. Calculate the standard error as before.

  2. Find the z-scores for 19.5 and 20.5.

  3. Use the standard normal table to find the probability between these z-scores.

Normal distribution with shaded probability region

Try solving on your own before revealing the answer!

Final Answer: 0.465

The probability that the sample mean is between 19.5 and 20.5 is approximately 46.5%.

Q5. A company needs to study the average wage of mid-level managers. You assume the standard deviation is $15 per hour. What sample size would you need to be 95% confident that you are within $5 of the true wage?

Background

Topic: Sample Size Calculation for Confidence Intervals

This question tests your ability to determine the required sample size for a desired margin of error and confidence level.

Key Terms and Formulas:

  • Margin of error ():

  • Sample size formula:

  • 95% confidence:

Step-by-Step Guidance

  1. Identify the desired margin of error (), standard deviation (), and confidence level (95%).

  2. Find the z-score for 95% confidence ().

  3. Set up the sample size formula:

Normal distribution with margin of error highlighted

Try solving on your own before revealing the answer!

Final Answer: 34.6 (rounded up to 35)

You need a sample size of at least 35 to be 95% confident that your estimate is within $5 of the true wage.

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