Question

In each Exercises $8.123-8.128$, we provide a sample mean, sample size, sample standard deviation, and confidence level. In each exercise,

a. use the one-mean $t-$interval procedure to find a confidence interval for the mean of the population from which the sample was drawn.

b. obtain the margin of error by taking half the length of the confidence interval.

c. obtain the margin of error by using the formula $t_{u/2}+s/\sqrt{n}$

$\overline{x}=50,n=16,s=5$, confidence level $=99\%$

Short answer

Part (a) The $99\%$confidence interval for $\mu$is $(46.3162,53.6838)$

Part (b) The margin of error by using the half-length of the confidence interval is$3.6838$

Part (c) The margin of error by using the formula is $3.6838$

Step-by-step solution

Part (a) Step 1: Given information

$\overline{x}=50,n=16,s=5$, confidence level $=99\%$

Part (a) Step 2: Concept

The formula used: The confidence interval$\overline{x}\pm t_{\frac{\alpha }{2}}\left(\frac{s}{\sqrt{n}}\right)$and$Margin\text{of}error\left(E\right)=t_{\frac{a}{2}}\left(\frac{s}{\sqrt{n}}\right)$

Part (a) Step 3: Calculation

Compute the $99\%$confidence interval for $\mu$

Consider $\overline{x}=50,n=16,s=5$, a $99\%$confidence level.

The needed value $t_{\frac{\alpha }{2}}$for $99\%$confidence with $15(=16-1)$degrees of freedom is $2.947$, according to "Table IV Values of $t_{\alpha }$

Thus, the confidence interval is,

$$\begin{gathered} \overline{x}\pm t_{\frac{\alpha }{2}}\left(\frac{s}{\sqrt{n}}\right)=50\pm 2.947\left(\frac{5}{\sqrt{16}}\right) \\ =50\pm 2.947(1.25) \\ =50\pm 3.6838 \\ =(46.3162,53.6838) \end{gathered}$$

Therefore, the $99\%$confidence interval $\mu$is $(46.3162,53.6838)$

Part (b) Step 1: Calculation

Using the half-length of the confidence interval, calculate the margin of error.

$$\begin{gathered} \text{Margin of error}=\frac{53.6838-46.3162}{2} \\ =\frac{7.3676}{2} \\ =3.6838 \end{gathered}$$

Thus, the margin of error by using the half-length of the confidence interval is $3.6838$

Part (c) Step 1: Calculation

Using the formula, calculate the margin of error.

$$\begin{gathered} Margin\text{of}error\left(E\right)=t_{\frac{a}{2}}\left(\frac{s}{\sqrt{n}}\right) \\ =2.947\left(\frac{5}{\sqrt{16}}\right) \\ =2.947(1.25) \\ =3.6838 \end{gathered}$$

Thus, the margin of error by using formula is $3.6838$