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8.1 Confidence Intervals about a Population Mean known population standard deviation. Parent Population mean: standard deviation: Sampling Distribution mean: standard deviation: Formulas to: find the ZScore from an observation find an observation from the Zscore 1 8.1 Confidence Intervals about a Population Mean known population standard deviation. 8.1 Confidence Intervals about a Population Mean We are going to be using information about a random sample chosen from a population to estimate information about the population. Today we're going to be estimating the population mean μ. Vocabulary: 90% Meaning of a confidence interval: a 90% confidence interval with a lower bound of 12 and an upper bound of 18 would mean: "We are 90% confident that μ is between 12 and 18" Notations and formulas: Confidence interval has an area of Area of the tails Boundaries of the confidence interval Margin of Error: how far from the actual mean could our estimate be. "We are 90% confident that μ is between 12 and 18" We think the mean is The margin of error is 2 8.1 Confidence Intervals about a Population Mean known population standard deviation. A simple random sample of size n is selected from a population with σ = 3.8 The mean of the sample is calculated and is 59.2. What is the point estimate for the mean? 3 8.1 Confidence Intervals about a Population Mean known population standard deviation. Determining the sample size, n, needed to estimate μ with a specific level of confidence and a specific margin of error, E, is given by A doctor wants to estimate the mean serum HDL cholesterol of 20 29 year old men. How many subjects would be needed in a sample in order to estimate the mean serum HDL levels with 90% certainty that μ is within 1.5 points of our estimate. Assume σ = 12.5. Suppose the doctor would prefer 98% confidence. What sample size would be necessary? How does increasing the confidence level affect the sample size needed? 4 8.1 Confidence Intervals about a Population Mean known population standard deviation. Which are normal? Why or why not? A researcher is interested in approximating the mean number of miles that 3year old Chevy Cavaliers have been driven. She randomly selects 35 Cavaliers in the Orlando, Florida area and obtains the odometer readings in the table. Construct and interpret a 95% confidence interval for the mean. Assume σ = 16,100 HW: p466 C&V #3 6, p466 #1 11odd, 19, 25, 27 You must show work for credit! no work shown = no credit 5