A family has a combined monthly income of $2580. Their food budget is $310/month. What percentage of their monthly income is bud
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Answer:
a) The margin of error for a 90% confidence interval when n = 14 is 18.93.
b) The margin of error for a 90% confidence interval when n=28 is 12.88.
c) The margin of error for a 90% confidence interval when n = 45 is 10.02.
Step-by-step explanation:
The t-distribution is used to solve this question:
a) n = 14
The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So
df = 14 - 1 = 13
90% confidence interval
Now, we have to find a value of T, which is found looking at the t table, with 13 degrees of freedom(y-axis) and a confidence level of . So we have T = 1.7709
The margin of error is:
In which s is the standard deviation of the sample and n is the size of the sample.
The margin of error for a 90% confidence interval when n = 14 is 18.93.
b) n = 28
27 df, T = 1.7033
The margin of error for a 90% confidence interval when n=28 is 12.88.
c) The margin of error for a 90% confidence interval when n = 45 is
44 df, T = 1.6802
The margin of error for a 90% confidence interval when n = 45 is 10.02.