Complete each of the following calculations by providing the correct formula and values that you are using for each problem. Your grade will be based on selecting the appropriate formula, substituting the appropriate values, and correctly calculating the answer.
1. A sample size of n = 120 produced the sample mean of ?̅ = 24.3. Assuming the populationstandard deviation ? = 5.2, compute a 99% confidence interval for the population mean.Interpret the confidence interval. 2. Assuming the population standard deviation ? = 4,how large should a sample be to estimate a population mean with a margin of error of 0.2 for a 95% confidence interval? 3. The manager of a plant would like to estimate the mean amount of time a worker takes to complete a specific task. Assume the population standard deviation for this task is 4.1 minutes. a. After observing 70 workers completing the same type of task, the manager calculated the average time to be 12.7 minutes. Construct a 90% confidence interval for the mean task time. Interpret the confidence interval.
b. How large a sample size n should he observe to decrease the margin of error to 0.5 minutes for the 90% interval? 4. A sample of 25 was selected out of a specific population with mean equal to 18.4 and samplestandard deviation of 3.6. Construct a 95% confidence interval for the mean of the population.Interpret the confidence interval. 5. A group of students were randomly selected to participate in a study that compared the female grades to the male grades for a specific test. There were 15 females with a mean grade of 94.3 and sample standard deviation of 3.6. There were 12 males with a mean grade of 90.6 and sample standard deviation of 5.1. Construct a 90% confidence interval for the difference between the females’ and males’ test grades. Interpret the confidence interval.
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