STA 1060 Chapter 6 Examples 1. An estimate is needed for the mean airfare price (in dollars) for a one-way ticket from Atlanta to Chicago. A random sample of 35 prices is selected and the average is found to be $101.77 with a standard deviation of $6.69. a. Find a point estimate for the population mean . b. Find the maximum error of the estimate for the mean airfare with a 95% level of confidence. c. Find a 95% confidence interval for the mean one-way fare from Atlanta to Chicago. Interpret the interval found. 2. If you want to estimate the mean one-way fare from Atlanta to Chicago to within $2 of the population mean with 95% confidence, how many fares must you sample? 3. In a random sample of 13 Downtown Orlando residents, the mean mileage to work was 4.3 miles and the standard deviation was 0.3 miles. Assume the variable is normally distributed and construct a 90% confidence interval for the mean of the population. Interpret the interval found. 4. In a study of 1907 teenagers (picked at random) 449 had acne problems. Construct a 95% confidence interval for the proportion of teenagers with acne problems. Interpret the interval found. 5. Suppose you want to estimate the proportion of people that wear seat belts in Florida. If you need the estimate to be within 2% of the true proportion with 99% confidence, how many people do you need to sample? Chapter 6 problem#1 problem#4 Population Standard Deviation Sample Mean Sample Size Confidence Level Standard Error of the Mean 6.69 101.77 35 95% 1.130816393 Z Value Interval Half Width Interval Lower Limit Interval Upper Limit -1.95996279 2.216358049 99.55364195 103.986358 problem#2 Population Standard Deviation Sampling Error Confidence Level Z Value Calculated Sample Size Sample Size Needed 1907 449 95% 0.23544835 -1.95996279 0.00971574 0.01904249 0.21640586 0.25449084 problem#5 6.69 2 95% -1.95996279 42.98212627 43 Problem#3 Sample Standard Deviation Sample Mean Sample Size Confidence Level Standard Error of the Mean Degrees of Freedom t Value Interval Half Width Interval Lower Limit Interval Upper Limit Sample Size Number of Successes Confidence Level Sample Proportion Z Value Standard Error of the Proportion Interval Half Width Interval Lower Limit Interval Upper Limit 0.3 4.3 13 90% 0.083205029 12 1.782286745 0.148295221 4.15 4.45 Estimate of True Proportion Sampling Error Confidence Level Z Value Calculated Sample Size Sample Size Needed 0.5 0.02 99% -2.57583134 4146.81693 4147