Answer: ( 15.49,25.39)
Therefore at 95% confidence interval (a,b) = ( 15.49,25.39)
Explanation:
Confidence interval can be defined as a range of values so defined that there is a specified probability that the value of a parameter lies within it.
The confidence interval of a statistical data can be written as.
x+/-zr/√n
Given that;
Mean gain _x = 20.44
Standard deviation r = 52.32
Number of samples n = 430
Confidence interval = 95%
z(at 95% confidence) = 1.96
Substituting the values we have;
+20.44+/-1.96(52.32/√430)
+20.44+/-1.96(2.523)
+20.44+/-4.95
= ( 15.49,25.39)
Therefore at 95% confidence interval (a,b) = ( 15.49,25.39)