Math Problem Statement
Solution
To construct a 90% confidence interval estimate of the average number of store visits based on the provided data, we follow these steps:
Given Data:
Store visits:
Step 1: Compute the sample mean () and sample standard deviation ().
Step 2: Determine the critical value () for a 90% confidence level with degrees of freedom.
Step 3: Calculate the margin of error ().
Step 4: Construct the confidence interval.
Now, I'll calculate these values step by step.import numpy as np from scipy.stats import t
Given data
store_visits = [6, 10, 4, 5, 7, 4] n = len(store_visits)
Step 1: Calculate sample mean and standard deviation
mean = np.mean(store_visits) std_dev = np.std(store_visits, ddof=1) # Sample standard deviation
Step 2: Determine the critical t-value for 90% confidence level and df = n-1
confidence_level = 0.90 degrees_freedom = n - 1 t_critical = t.ppf((1 + confidence_level) / 2, degrees_freedom)
Step 3: Calculate margin of error
margin_of_error = t_critical * (std_dev / np.sqrt(n))
Step 4: Compute the confidence interval
confidence_interval = (mean - margin_of_error, mean + margin_of_error)
mean, std_dev, t_critical, margin_of_error, confidence_interval(6.0, 2.280350850198276, 2.015048372669157, 1.8759079450505391, (4.124092054949461, 7.875907945050539))(6.0, 2.280350850198276, 2.015048372669157, 1.8759079450505391, (4.124092054949461, 7.875907945050539))success### Results:
- Sample Mean ():
- Sample Standard Deviation ():
- Critical t-value ():
- Margin of Error ():
- 90% Confidence Interval:
This means we are 90% confident that the true average number of store visits lies between and .
Do you have any questions or want further details? Here are some follow-up questions to consider:
- How does the sample size affect the confidence interval width?
- What is the importance of assuming the population is approximately normal?
- What would change if we were constructing a 95% confidence interval instead?
- How is the critical t-value determined for different confidence levels?
- Can this method be applied to datasets with larger or smaller samples?
Tip: Always ensure that the data satisfies the normality assumption when using the t-distribution for small sample sizes.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Interval
t-Distribution
Formulas
Sample Mean: \(\bar{x} = \frac{\sum x_i}{n}\)
Sample Standard Deviation: \(s = \sqrt{\frac{\sum (x_i - \bar{x})^2}{n-1}}\)
Margin of Error: \(E = t^* \cdot \frac{s}{\sqrt{n}}\)
Confidence Interval: \((\bar{x} - E, \bar{x} + E)\)
Theorems
Central Limit Theorem
Properties of t-Distribution
Suitable Grade Level
Grades 11-12 or College Statistics
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