A Packaging Company produces boxes out of cardboard and has a specified weight of 16 oz. A random sample of 36 boxes yielded a sample mean of 15.3 oz. Given the standard deviation is 1.7 oz, obtain a 99% confidence interval for the true mean weight of the boxes. Interpret your results in the context of the problem. State the margin of error.

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Answer:

The margin of error is of 0.73 oz.

The 99% confidence interval for the true mean weight of the boxes is between 14.57 oz and 16.03 oz. This means that we are 99% sure that the true mean weight of all boxed produced by the Packaging Company is between these two values, and that the specified weight is in this interval.

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1 - 0.99}{2} = 0.005[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1 - \alpha[/tex].

That is z with a pvalue of [tex]1 - 0.005 = 0.995[/tex], so Z = 2.575.

Now, find the margin of error M as such

[tex]M = z\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

[tex]M = 2.575\frac{1.7}{\sqrt{36}} = 0.73[/tex]

The margin of error is of 0.73 oz.

The lower end of the interval is the sample mean subtracted by M. So it is 15.3 - 0.73 = 14.57 oz.

The upper end of the interval is the sample mean added to M. So it is 15.3 + 0.73 = 16.03 oz.

The 99% confidence interval for the true mean weight of the boxes is between 14.57 oz and 16.03 oz. This means that we are 99% sure that the true mean weight of all boxed produced by the Packaging Company is between these two values, and that the specified weight is in this interval.