Math Problem Statement
Solution
To solve the problem and calculate the margin of error (ME) for a 95% confidence interval for , we use the formula:
Information provided:
- (sample size)
- (population standard deviation)
- Confidence level = 95%
The value for a 95% confidence interval (from standard Z-tables) is approximately 1.96.
Step-by-step calculation:
-
Compute the standard error (SE): First, find :
-
Compute the margin of error (ME):
Final Answer:
The margin of error is approximately 4.085.
Would you like additional explanation or steps for clarification?
Related Questions:
- What is the role of in determining the confidence interval?
- How does increasing the sample size affect the margin of error?
- What is the difference between a 95% and 99% confidence interval in terms of ?
- How would the margin of error change if were smaller?
- Can the formula for margin of error be used for non-normal distributions?
Tip: Always ensure that the sample size 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
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