Confidence interval of the mean.
We have to calculate a 95% 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=512.
The sample size is N=51.
When σ is not known, s divided by the square root of N is used as an estimate of σM:
The degrees of freedom for this sample size are:
The t-value for a 95% confidence interval and 50 degrees of freedom is t=2.
The margin of error (MOE) can be calculated as:
Then, the lower and upper bounds of the confidence interval are:
Answer: The 95% confidence interval for the mean is (481.5, 542.5).