A college admissions officer for an MBA program has determined that historically,candidates have undergraduate grade point averages (GPA) that are normally distributed with standard deviation 0.45. A random sample of twenty five applicants from the current year is taken, yielding a sample mean GPA of 2.90. Find a 95% convidence interval for the population mean.

Respuesta :

Answer:

[tex]2.724< \mu <3.076[/tex]

Step-by-step explanation:

1) Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

[tex]\bar X=2.90[/tex] represent the sample mean for the sample  

[tex]\mu[/tex] population mean (variable of interest)

[tex]\sigma=0.45[/tex] represent the population standard deviation

n=25 represent the sample size  

We have the following distribution for the random variable:

[tex]X \sim N(\mu , \sigma=0.45)[/tex]

And by the central theorem we know that the distribution for the sample mean is given by:

[tex]\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}})[/tex]

2) Confidence interval

The confidence interval for the mean is given by the following formula:

[tex]\bar X \pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}[/tex]   (1)

Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.025,0,1)".And we see that [tex]z_{\alpha/2}=\pm 1.96[/tex]

Now we have everything in order to replace into formula (1):

[tex]2.90-1.96\frac{0.45}{\sqrt{25}}=2.724[/tex]    

[tex]2.90+1.96\frac{0.45}{\sqrt{25}}=3.076[/tex]

So on this case the 95% confidence interval would be given by (2.724;3.076)    

[tex]2.724< \mu <3.076[/tex]

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