Answer:
99% confidence interval for the true mean diameter of the rods produced by the milling machine is between a lower limit of 5.0007 cm and an upper limit of 5.0093 cm.
Explanation:
Confidence interval = mean + or - Error margin (E)
mean = 5.005 cm
sd = 0.02 cm
n = 150
degree of freedom = n - 1 = 150 - 1 = 149
confidence level = 99%
t-value corresponding to 149 degrees of freedom and 99% confidence level is 2.6093
E = t×sd/√n = 2.6093 × 0.02/√150 = 0.0043 cm
Lower limit = mean - E = 5.005 - 0.0043 = 5.0007 cm
Upper limit = mean + E = 5.005 + 0.0043 = 5.0093
99% confidence level for the true mean diameter is between 5.0007 cm and 5.0093 cm