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Construct a 99% confidence interval for the population variance and standard deviation, given a sample size of 30 and a sample standard deviation of 1.2 mg.
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4 stepsb) i) 99% Confidence Interval for Population Variance ()
Identify the given information.
Sample size,
Sample standard deviation,
Sample variance,
Confidence level = 99%, so
Degrees of freedom,Determine the critical chi-squared values.
For a 99% confidence interval with :
Calculate the confidence interval for the population variance.
The formula for the confidence interval for population variance is:
Substitute the values:
Rounding to three decimal places:
b) ii) 99% Confidence Interval for Population Standard Deviation ()
Use the confidence interval for population variance from b) i).
The confidence interval for population standard deviation is found by taking the square root of the confidence interval for the population variance:
Rounding to three decimal places:
c) Interpretation of Findings in b(i) and b(ii)
- For the population variance: We are 99% confident that the true population variance of the weights of the allergy medicine is between and .
- For the population standard deviation: We are 99% confident that the true population standard deviation of the weights of the allergy medicine is between and . This means that if we were to repeat this sampling process many times, 99% of the confidence intervals constructed would contain the true population standard deviation.
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