Answer:
1)
b)
![ME= 2.776(0.000013424)/(√(5))=0.0000166653](https://img.qammunity.org/2021/formulas/mathematics/college/6ec0kb9zdlgbqw8wgroce6lbzhyrjg4k2q.png)
And we want 2/3 of the margin of error so then would be:
![2/3 ME = 0.00001111](https://img.qammunity.org/2021/formulas/mathematics/college/m6td5f194e5482k7cne12do8uzgftqlm15.png)
The margin of error is given by this formula:
(1)
And on this case we have that ME =0.00001111016 and we are interested in order to find the value of n, if we solve n from equation (1) we got:
(2)
Replacing we got:
So the answer for this case would be n=12 rounded up to the nearest integer
Explanation:
Information given
0.082601, 0.082621, 0.082589, 0.082617, 0.082598
We can calculate the sample mean and deviation with the following formulas:
![\bar X= (\sum_(i=1)^n X_i)/(n)](https://img.qammunity.org/2021/formulas/mathematics/college/sdry6294cv8ikvfxa3hbfw0nwrjq22mopm.png)
![s = \sqrt{(\sum_(i=1)^n (X_i -\bar X)^2)/(n-1)}](https://img.qammunity.org/2021/formulas/mathematics/college/ls5oixapaiftzb6dlpkea6cf23w3dtqmyb.png)
represent the sample mean
population mean
s=0.000013424 represent the sample standard deviation
n=5 represent the sample size
Part 1
The confidence interval for the mean is given by the following formula:
(1)
The degrees of freedom, given by:
The Confidence level is 0.95 or 95%, and the significance would be
and
, the critical value would be using the t distribution with 4 degrees of freedom:
Now we have everything in order to replace into formula (1):
Part 2
The original margin of error is given by:
![ME= 2.776(0.000013424)/(√(5))=0.0000166653](https://img.qammunity.org/2021/formulas/mathematics/college/6ec0kb9zdlgbqw8wgroce6lbzhyrjg4k2q.png)
And we want 2/3 of the margin of error so then would be:
![2/3 ME = 0.00001111](https://img.qammunity.org/2021/formulas/mathematics/college/m6td5f194e5482k7cne12do8uzgftqlm15.png)
The margin of error is given by this formula:
(1)
And on this case we have that ME =0.00001111016 and we are interested in order to find the value of n, if we solve n from equation (1) we got:
(2)
Replacing we got:
So the answer for this case would be n=12 rounded up to the nearest integer