MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Step 1
From the given information,
Sample size n =11
sample mean, x̅=810
sample standard deviation, s=20
Confidence level = 98%
Degrees of freedom: 24(=25-1).
Using Excel function, “=T.INV.2T (0.02,10)”, the critical value for two-tailed test at 98% confidence level is 2.7638.
The standard error is:
Margin of error:
Confidence interval:
The 98% confidence interval is from 793.334 to 826.666.
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