Math Problem Statement

A sample of size n = 92 is drawn from a population whose standard deviation is σ = 20. Find the margin of error for a 95% confidence interval for μ. Round the answer to at least three decimal places.

Solution

To solve the problem and calculate the margin of error (ME) for a 95% confidence interval for μ\mu, we use the formula:

ME=zσnME = z^* \cdot \frac{\sigma}{\sqrt{n}}

Information provided:

  • n=92n = 92 (sample size)
  • σ=20\sigma = 20 (population standard deviation)
  • Confidence level = 95%

The zz^* value for a 95% confidence interval (from standard Z-tables) is approximately 1.96.

Step-by-step calculation:

  1. Compute the standard error (SE): SE=σn=2092SE = \frac{\sigma}{\sqrt{n}} = \frac{20}{\sqrt{92}} First, find 929.5916\sqrt{92} \approx 9.5916: SE=209.59162.085SE = \frac{20}{9.5916} \approx 2.085

  2. Compute the margin of error (ME): ME=zSE=1.962.0854.085ME = z^* \cdot SE = 1.96 \cdot 2.085 \approx 4.085

Final Answer:

The margin of error is approximately 4.085.

Would you like additional explanation or steps for clarification?


Related Questions:

  1. What is the role of zz^* in determining the confidence interval?
  2. How does increasing the sample size affect the margin of error?
  3. What is the difference between a 95% and 99% confidence interval in terms of zz^*?
  4. How would the margin of error change if σ\sigma were smaller?
  5. Can the formula for margin of error be used for non-normal distributions?

Tip: Always ensure that the sample size nn is large enough for the Central Limit Theorem to apply when working with confidence intervals.

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Math Problem Analysis

Mathematical Concepts

Confidence Intervals
Margin of Error
Standard Error

Formulas

Margin of Error (ME) = z* × (σ / √n)

Theorems

Central Limit Theorem
Properties of the Normal Distribution

Suitable Grade Level

Undergraduate Statistics or Advanced High School Statistics