Answer: 1) sample mean = 2065
2) margin of error = 105
3) sample standard deviation = 48.95
Explanation:
Confidence interval is written in the form,
(Point estimate - margin of error, Point estimate + margin of error)
The sample mean, x is the point estimate for the population mean. Let m represent the margin of error. Since the confidence interval is given as (1960 , 2170), it means that
x - m = 1960
x + m = 2170
Adding both equations, it becomes
2x = 4130
x = 4130/2
x = 2065
Substituting x = 2065 into x + m = 2170, it becomes
2065 + m = 2170
m = 2170 - 2065
m = 105
Using the t distribution,
Degree of freedom, df = 15 - 1 = 14
α = 1 - 0.95 = 0.05
z α/2 = 0.05/2 = 0.025
The area to the right of z 0.025 is 0.05 and the area to the left of z0.025 is 1 - 0.025 = 0.975. Using the t distribution table,
z = 2.145
Confidence interval = mean ± z × σ/√n
Where
σ = population standard Deviation
σ/√n = sample standard deviation
Confidence interval = sample mean(point estimate) ± z × σ/√n
Considering the lower boundary of the confidence interval,
1960 = 2065 - 2.145 × σ/√n
1960 - 2065 = - 2.145 × σ/√n
- 105 = - 2.145 × σ/√n
σ/√n = - 105/- 2.145
σ/√n = 48.95