Math Problem Statement
The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample of 50 business travelers is selected and each traveler is asked to provide a rating for the Miami International Airport. The ratings obtained from the sample of 50 business travelers follow
4 7 6 5 8 8 4 8 9 8 8 4 10 10 1 1 1 9 1 9 1 1 8 8 1 8 8 9 8 7 7 1 8 8 10 1 8 7 9 7 8 9 7 7 7 8 1 6 10 7
Develop a 95% confidence interval estimate of the population mean rating for Miami. round your answers to two decimal places
Solution
To develop a 95% confidence interval for the population mean rating, we use the following formula:
Where:
- = sample mean
- = z-score for 95% confidence level (1.96 for a two-tailed test)
- = sample standard deviation
- = sample size (which is 50)
Step 1: Calculate the sample mean ()
Step 2: Calculate the sample standard deviation ()
Step 3: Compute the margin of error
Step 4: Construct the confidence interval
Let me calculate these values for you.The sample mean () is 6.32, and the sample standard deviation () is 3.01.
Using a 95% confidence level, the confidence interval estimate for the population mean rating is:
This means we are 95% confident that the true mean rating for Miami International Airport lies between 5.48 and 7.16.
Would you like more details on any step, or do you have any questions?
Related questions:
- What factors can influence the width of a confidence interval?
- How does the sample size affect the confidence interval?
- How is the z-score determined for different confidence levels?
- What are the assumptions underlying the confidence interval calculation?
- How would the confidence interval change if the sample had more variability?
Tip:
A larger sample size reduces the margin of error, providing a more precise estimate of the population mean.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Sample Mean
Standard Deviation
Z-Scores
Formulas
CI = x̄ ± z(s/√n)
x̄ = Σxᵢ / n
s = √(Σ(xᵢ - x̄)² / (n - 1))
Margin of Error = z * (s / √n)
Theorems
Central Limit Theorem
Suitable Grade Level
College/University Level
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