The lengths of my last 12 phone calls have been roughly 3, 8, 3, 5, 1, 13, 9, 2, 7, 3, 13, and 2 minutes. Long experience suggests that the standard deviation is about 5 minutes.
a) I am asked what the average length of one of my phone calls is, and I shall estimate it by ; calculate this estimate and give its standard deviation (standard error).
b) Assuming this is a large enough sample, write down a 98% confidence interval for the true value μ.

Respuesta :

Answer:

98% Confidence Interval: (2.387,9.113 )

Step-by-step explanation:

We are given the following data set:

3, 8, 3, 5, 1, 13, 9, 2, 7, 3, 13, 2

a) Formula:

[tex]\text{Standard Deviation} = \sqrt{\displaystyle\frac{\sum (x_i -\bar{x})^2}{n-1}}[/tex]  

where [tex]x_i[/tex] are data points, [tex]\bar{x}[/tex] is the mean and n is the number of observations.  

[tex]Mean = \displaystyle\frac{\text{Sum of all observations}}{\text{Total number of observation}}[/tex]

[tex]Mean =\displaystyle\frac{69}{12} = 5.75[/tex]

Sum of squares of differences = 196.25

[tex]S.D = \sqrt{\frac{196.25}{11}} = 4.044[/tex]

b) 98% Confidence Interval:

[tex]\bar{x} \pm z_{critical}\displaystyle\frac{\sigma}{\sqrt{n}}[/tex]  

Putting the values, we get,  

[tex]z_{critical}\text{ at}~\alpha_{0.02} = \pm 2.33[/tex]  

[tex]5.75 \pm 2.33(\displaystyle\frac{5}{\sqrt{12}} ) = 5.75 \pm 3.363 = (2.387,9.113 )[/tex]