Answer:
We can conclude that the drying time in hours for type A is significantly higher than the drying time for type B. And the margin above it's between 4.90 and 17.5 hours at 2% of significance.
Explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
represent the sample mean 1
represent the sample mean 2
n1=11 represent the sample 1 size
n2=9 represent the sample 2 size
sample standard deviation for sample 1
sample standard deviation for sample 2
parameter of interest.
Confidence interval
The confidence interval for the difference of means is given by the following formula:
(1)
The point of estimate for
is just given by:
In order to calculate the critical value
we need to find first the degrees of freedom, given by:
Since the Confidence is 0.98 or 98%, the value of
and
, and we can use excel, a calculator or a tabel to find the critical value. The excel command would be: "=-T.INV(0.01,18)".And we see that
The standard error is given by the following formula:
And replacing we have:
Confidence interval
Now we have everything in order to replace into formula (1):
So on this case the 98% confidence interval would be given by
But let's assume that the confidence interval given is true 4.90 hrs < μ1 - μ2 < 17.50 hrs
What does the confidence interval suggest about the population means?
We can conclude that the drying time in hours for type A is significantly higher than the drying time for type B. And the margin above it's between 4.90 and 17.5 hours at 2% of significance.