Explanation:
The confidence interval is:
CI = x ± ME, where x is the mean and ME is the margin of error.
The margin of error is:
ME = CV × SE, where CV is the critical value and SE is the standard error. For a normal distribution, the critical value is the z-score at the given confidence interval.
The standard error is:
SE = σ / √n, where σ is the population standard deviation and n is the sample size.
1) At 99% confidence, the z-score is 2.576. The standard error is:
SE = 8 / √432
SE = 0.385
The margin of error is:
ME = 2.576 × 0.385
ME = 0.992
The confidence interval is:
CI = 15 ± 0.992
CI = (14.008, 15.992)
2) At 99% confidence, the z-score is 2.576.
The margin of error is:
ME = 2.576 × 7 / √n
ME = 18.032 / √n
When n = 106, ME = 1.7514.
When n = 380, ME = 0.7943.
When n = 1597, ME = 0.3875.