/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 15 Let \(\bar{x}\) be the observed ... [FREE SOLUTION] | 91Ó°ÊÓ

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Let \(\bar{x}\) be the observed mean of a random sample of size \(n\) from a distribution having mean \(\mu\) and known variance \(\sigma^{2}\). Find \(n\) so that \(\bar{x}-\sigma / 4\) to \(\bar{x}+\sigma / 4\) is an approximate \(95 \%\) confidence interval for \(\mu\).

Short Answer

Expert verified
The sample size needed for \(\bar{x}-\sigma / 4\) to \(\bar{x}+\sigma / 4\) to be an approximate \(95 \%\) confidence interval for \(\mu\) is \(n = 62\).

Step by step solution

01

Understanding Confidence Intervals

A common form of the confidence interval for a mean is \(\bar{x} \pm z_{\alpha / 2} \times \sigma / \sqrt{n}\), where \(z_{\alpha / 2}\) is the critical value from the standard normal distribution required for a \(95 \%\) confidence interval, \(\sigma\) is the standard deviation and \(\sqrt{n}\) is the standard error of the mean.
02

Setup the Comparison

The task gives an interval for the confidence interval in form of \(\bar{x} \pm \sigma / 4\). This has to be compared with the common form of the confidence interval which includes the standard error of the mean and the critical z-value from the standard normal distribution. This comparison allows to find n.
03

Solve for \(n\)

Set up the comparison: \(\sigma / 4 = z_{\alpha / 2} \times \sigma / \sqrt{n}\). One can solve this equation for \(n\), which will give the desired sample size.
04

Substitute \(z_{\alpha / 2}\)

In a \(95 \%\) confidence interval, \(z_{\alpha / 2} = 1.96\). Substitute this value for \(z_{\alpha / 2}\) in the equation.
05

Complete Calculation

Solve the equation for \(n\). This will result in \(n = (4*z_{\alpha / 2})^{2}\), which simplifies to \(n = (4*1.96)^{2} = 61.4656\). As you cannot have a fraction of an observation, round up to the nearest whole number: \(n = 62\).

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