Math Problem Statement
Here are summary statistics for the weights of Pepsi in randomly selected cans: n=36, x overbar =0.82414 lb, s=0.00567 lb. Use a confidence level of 99% to complete parts (a) through (d) below. Find the margin of error.
Solution
To calculate the margin of error (E) for the confidence interval, we can use the following formula:
Where:
- is the critical value from the t-distribution corresponding to the confidence level of 99%,
- is the sample standard deviation,
- is the sample size.
Step 1: Determine the critical t-value ()
For a 99% confidence level and degrees of freedom, we can find the critical t-value using a t-distribution table or a calculator. The critical value for a 99% confidence level with 35 degrees of freedom is approximately:
Step 2: Calculate the margin of error
Now, plug the values into the formula:
Simplifying the expression:
Thus, the margin of error is approximately:
Would you like a detailed explanation of how this result was derived?
Here are 5 questions to expand on this topic:
- How does the sample size affect the margin of error in confidence intervals?
- What is the relationship between confidence level and the width of the confidence interval?
- How is the critical t-value different from the z-value in confidence intervals?
- Why do we use the t-distribution instead of the z-distribution for small sample sizes?
- How can we interpret the margin of error in practical terms?
Tip: Always ensure that the degrees of freedom are correctly calculated when using the t-distribution, as it significantly impacts the critical value for small sample sizes.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
t-Distribution
Formulas
E = t_{α/2} * (s / √n)
Theorems
Central Limit Theorem
t-distribution
Suitable Grade Level
College-level Statistics
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