Final Answer:
Margin of error = 0.44, Lower limit = 3.85, Upper limit = 4.30. The 95% confidence interval suggests that the true mean overall rating of Introductory Statistics lecturers is likely between 3.85 and 4.30 based on the sample of 36 evaluations.
Step-by-step explanation:
The margin of error is calculated by multiplying the critical z-value for a 95% confidence interval by the standard deviation of the sampling distribution of the mean (calculated using the population standard deviation). In this case, the margin of error is 0.44.
To find the lower and upper limits of the confidence interval, we subtract and add the margin of error from the sample mean, respectively. The lower limit is 3.85, and the upper limit is 4.30.
In statistical terms, this means we are 95% confident that the true mean overall rating of Introductory Statistics lecturers lies between 3.85 and 4.30, based on the sample of 36 evaluations taken from the entire population. The margin of error represents the range within which we expect the true mean to fall, capturing the uncertainty associated with estimating population parameters from a sample.
Confidence intervals provide a range of values within which we can reasonably estimate the population parameter. They are essential in statistical inference, allowing researchers to make informed conclusions about a population based on a sample.