Respuesta :
Answer:
The 80% confidence interval for the average net change is (8.596, 12.904).
Critical value t=1.638.
Step-by-step explanation:
First, we calculate the mean and standard deviation of the sample:
[tex]M=\dfrac{1}{n}\sum_{i=1}^n\,x_i\\\\\\M=\dfrac{1}{4}(12+7+13+11)\\\\\\M=\dfrac{43}{4}\\\\\\M=10.75\\\\\\s=\dfrac{1}{n-1}\sum_{i=1}^n\,(x_i-M)^2\\\\\\s=\dfrac{1}{3}((12-10.75)^2+(7-10.75)^2+(13-10.75)^2+(11-10.75)^2)\\\\\\s=\dfrac{20.75}{3}\\\\\\s=6.92\\\\\\[/tex]
We have to calculate a 80% confidence interval for the mean.
The population standard deviation is not known, so we have to estimate it from the sample standard deviation and use a t-students distribution to calculate the critical value.
The sample mean is M=10.75.
The sample size is N=4.
When σ is not known, s divided by the square root of N is used as an estimate of σM:
[tex]s_M=\dfrac{s}{\sqrt{N}}=\dfrac{2.63}{\sqrt{4}}=\dfrac{2.63}{2}=1.315[/tex]
The degrees of freedom for this sample size are:
[tex]df=n-1=4-1=3[/tex]
The t-value for a 80% confidence interval and 3 degrees of freedom is t=1.638.
The margin of error (MOE) can be calculated as:
[tex]MOE=t\cdot s_M=1.638 \cdot 1.315=2.154[/tex]
Then, the lower and upper bounds of the confidence interval are:
[tex]LL=M-t \cdot s_M = 10.75-2.154=8.596\\\\UL=M+t \cdot s_M = 10.75+2.154=12.904[/tex]
The 80% confidence interval for the average net change is (8.596, 12.904).