Solved Problems of Estimation Population Mean and Sample Size

Solved problems of Estimation population Mean and sample size
2. A random sample of the number of farms (in thousands) in various states follows. Estimate the
mean number of farms per state with 90% confidence. Assume𝜎 = 31
Solution
∑𝑥
𝑥̅ = = 43.451
𝑛
 
P ( x  z    x  z )  90%
2 n 2 n
31 31
P(43.451  1.65    43.451  1.65 )  90%
31 31
P(43.264    52.637)  90%
3. A sociologist found that in a sample of 50 retired men, the average number of jobs they
had during their lifetimes was 7.2. The population standard deviation is 2.1.
a. Find the best point estimate of the mean.
b. Find the 95% confidence interval of the mean number of jobs.
c. Find the 99% confidence interval of the mean number of jobs.
Solution
a. x  7.2
2.1 2.1
b. P(7.2  1.96    7.2  1.96 )  95%
50 50
P(6.6    7.8)  95%
2.1 2.1
c. P(7.2  2.58    7.2  2.58 )  99%
50 50
P(6.433    7.966)  99%
4. A survey of 35 individuals who passed the seven exams and obtained the rank of Fellow in
the actuarial field finds the average salary to be $150,000. If the standard deviation for the
population is $15,000, construct a 95% confidence interval for all Fellows.
Solution
 
P ( x  z    x  z )  95%
2 n 2 n
15000 15000
P(150000  1.96    150000  1.96 )  95%
35 35
P(145030    154969.507)  95%
Solution
 
P ( x  z    x  z )  90%
2 n 2 n
P(1.8  1.65
 1 
3  1 
   1.8  1.65 3 )  90%
50 50
P(1.72    1.877)  90%
7. Noise levels at various area urban hospitals were measured in decibels. The mean of the
noise levels in 84 corridors was 61.2 decibels, and the standard deviation of the population was
7.9.Find the 95% confidence interval of the true mean.
Solution
 
P ( x  z    x  z )  95%
2 n 2 n
7.9 7.9
P(61.2  1.96    61.2  1.96 )  95%
84 84
P(59.51    62.889)  95%
6. Visits to Networking Sites A sample of 10 networking sites for a specific month has a mean of 26.1 and a
standard deviation of 4.2. Find the 99% confidence interval of the true mean. Assume the variable is
normally distributed.
Solution
s s
P ( x  t    x  t )  99%
2 n 2 n
4.2 4.2
P(26.1  3.25    26.1  3.25 )  99%
10 10
P(21.78    30.41)  99%
7. Digital Camera Prices. The prices (in dollars) for a particular model of digital camera with
6.0 megapixels and an optical 3X zoom lens are shown below for 10 online retailers. Estimate
the true mean price for this particular model with 95% confidence. Assume the variable is
Normally distributed.
225 240 215 206 211 210 193 250 225 202
Solution
∑𝑥
𝑥̅ = = 217.7
𝑛
 ( x  x) 2
s  17.486
n 1
s s
P ( x  t    x  t )  95%
2 n 2 n
17.486 17.486
P (217.7  2.262    217.7  2.262 )  95%
10 10
P (205.192    230.207)  95%
9. If the variance of a national accounting examination is 900, how large as ample is needed to estimate the
true mean score within 5 points with 99% confidence?
Solution:
Variance =𝜎 2 = 900 → 𝜎 = 30
 
2 2
 30 
n   z      2.58*   239.6304.
 2
E  5 
Round the value 239.6304 up to 240. You should include at least a sample of 240 exams
10. A health care professional wishes to estimate the birth weights of infants. How large a sample must be obtained
if she desires to be 90% confident that the true mean is within 2 ounces of the sample mean? Assume 𝝈 = 𝟖
ounces.
Solution
 
2 2
 8
n   z    1.65*   43.56.
 2 E  2
Round the value 43.56 up to 44.
Solve
3. A pharmaceutical company wanted to estimate the population mean of monthly sales for
their 250 sales people. Forty sales people were randomly selected. Their mean monthly
sales were $10000 with a standard deviation of $1000. Construct a 95% confidence
interval for the population mean.
4.A pizza shop owner wishes to find the 90% confidence interval of the true mean cost
of a large plain pizza. How large should the sample be if she wishes to be accurate to
within $0.15? A previous study showed that the standard deviation of the price was
$0.26.
5. The number of unhealthy days based on the AQI (Air Quality Index) for a random
sample of metropolitan areas is shown. Construct a 95% confidence interval based on
the data.
6. A sample of six recent years had an average of 573.8 workplace homicides per year
with a standard deviation of 46.8. Find the 99% confidence interval of the true mean of
all workplace homicides per year.
7. The approximate costs for a 30-second spot for various cable networks in a random
selection of cities are shown below. Estimate the true population mean cost for a 30-second
advertisement on cable network with 90% confidence. Assume normal distribution.

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