Respuesta :
Answer:
D. (142886, 196914).
Step-by-step explanation:
To solve for this question, we would use t score instead of z score. The reason is because, our sample size is small.
The formula for Confidence Interval =
C.I = Mean ± t score × standard deviation/√n
n = 5 samples
Degrees of freedom = n - 1 = 5 - 1 = 4
The t score for a 95% confidence interval with degrees of freedom 5 is : 2.776
Hence,
Confidence Interval =
169,900 ± 2.776 × 21,756/√5
169,900 ± 2.776 × 9.7295789837
169, 900 ± 27009.311259
Confidence Interval
169,900 - 27009
= 142886
169, 900 + 27009.311259
= 196914
Hence, the confidence interval = (142886, 196914)
Option D is the correct answer
Using the t-distribution, it is found that the 95% confidence interval for the average price of a home of this size in Newberry is of (142886, 196914), given by option D.
In this problem, we have the standard deviation for the sample, thus, the t-distribution is used to solve this question.
- The sample mean is [tex]\overline{x} = 169900[/tex].
- The sample standard deviation is [tex]s = 21756[/tex].
- The sample size is [tex]n = 5[/tex]
First, we find the number of degrees of freedom, which is the sample size subtracted by 1, so df = 5 - 1 = 4.
Then, we find the critical value for the 95% confidence interval with 4 df, which looking at the t-table or using a calculator is given by t = 2.7765.
The margin of error is:
[tex]M = t\frac{s}{\sqrt{n}}[/tex]
In this case:
[tex]M = 2.7765\frac{21756}{\sqrt{5}} = 27014[/tex]
The confidence interval is:
[tex]\overline{x} \pm M[/tex]
Then
[tex]\overline{x} - M = 169900 - 27014 = 142,886[/tex].
[tex]\overline{x} + M = 169900 + 27014 = 196,914[/tex].
Thus, the correct option is D. (142886, 196914).
A similar problem is given at https://brainly.com/question/15180581
