Given Information:
Confidence level = 90%
population size = 15
Required Information:
confidence interval for the population mean = ?
Answer:
confidence interval for the population mean = 3.74 < μ < 4.13
Step-by-step explanation:
We can find the confidence interval in excel using
confidence interval = μ ± confidence
Where μ is the mean of population and confidence is given by
CONFIDENCE(alpha, standard deviation, population size)
Where alpha is
alpha = 100% - Confidence level
alpha = 100% - 90%
alpha = 10%
alpha = 0.10
So we need to find mean and standard deviation first,
The population mean can be found by using AVERAGE(values) function in excel
The function returns a mean of
μ = 3.93
The standard deviation of population can be found by using STDEV.P(values) function in excel
The function returns a standard deviation of
ο = 0.46
Now the confidence value can be found
CONFIDENCE(alpha, standard deviation, population size)
CONFIDENCE(0.10, 0.46, 15)
The function returns confidence value of
confidence = 0.20
Therefore, the confidence interval is
confidence interval = μ ± confidence
confidence interval = 3.93 ± 0.20
Upper limit = 3.93 + 0.20 = 4.13
Lower limit = 3.93 - 0.20 = 3.74
confidence interval = 3.74 < μ < 4.13
This confidence interval tell us that we are 90% confident that the student evaluation ratings of courses are from 3.74 to 4.13 that were obtained at one university in a state.