Abul Aas Abbasi Assignment #2 Roll # 54233

Question #1.
Part 1 ( 90% Confidence Interval )

Objective:

To find population mean for 90% confidence interval of price for cellular phone .

Sample Size is 36 ,

As sample size is greater than n>30 we will use Z-distribution

Z-distribution =1.645 @ 90 % confidence Interval

X = ∑ X / n;

= 3725 /36

X = 103.472

S= √ ∑(X - i X)2 / n-1

Abul Aas Abbasi Assignment #2 Roll # 54233

S.No Price Xi - X (Xi - X)2

1 100 -3.472222222 12.0563272

2 100 -3.472222222 12.0563272
3 45 -58.47222222 3419.00077
4 100 -3.472222222 12.0563272
5 100 -3.472222222 12.0563272
6 100 -3.472222222 12.0563272
7 100 -3.472222222 12.0563272
8 100 -3.472222222 12.0563272
9 130 26.52777778 703.722994
10 90 -13.47222222 181.500772
11 100 -3.472222222 12.0563272
12 130 26.52777778 703.722994
13 130 26.52777778 703.722994
14 45 -58.47222222 3419.00077
15 45 -58.47222222 3419.00077
16 45 -58.47222222 3419.00077
17 100 -3.472222222 12.0563272
18 100 -3.472222222 12.0563272
19 200 96.52777778 9317.61188
20 100 -3.472222222 12.0563272
21 100 -3.472222222 12.0563272
22 45 -58.47222222 3419.00077
23 130 26.52777778 703.722994
24 100 -3.472222222 12.0563272
25 45 -58.47222222 3419.00077
26 45 -58.47222222 3419.00077
27 200 96.52777778 9317.61188
28 100 -3.472222222 12.0563272
29 100 -3.472222222 12.0563272
30 100 -3.472222222 12.0563272
31 100 -3.472222222 12.0563272
32 100 -3.472222222 12.0563272
33 200 96.52777778 9317.61188
34 250 146.5277778 21470.3897
35 50 -53.47222222 2859.27855
36 100 -3.472222222 12.0563272
Abul Aas Abbasi Assignment #2 Roll # 54233

S= √ ∑(Xi - X)2 / n-1

= √ 79440.9722 / 36-1

= √ 79440.9722 / 35

= 47.6418

DATA :

n=36

X=103.472

S=47.6418

Z=1.645

Formula:

X – Z (S/√ n) ≤ μ ≥ X + Z (S/√ n)

=>103.472 - 1.645 (47.6418 /√ 36) ≤ μ ≥ 103.472 + 1.645 (47.6418 /√ 36)

=> 90.410 ≤ μ ≥ 116.533

Abul Aas Abbasi Assignment #2 Roll # 54233

CONCLUSION:

90% confidence interval for population mean price of cellular phone of 36 cell
phone is between 90.410 & 116.533 .

Question #1

Part 2 ( 99 % Confidence Interval )

DATA :

n=36

X=103.472

S=47.6418

Z=2.576

Objective:

To find population mean for 99% confidence interval of price for cellular phone .

Sample Size is 36 ,

As sample size is greater than n>30 we will use Z-distribution

Z-distribution =2.576 @ 99 % confidence Interval

Abul Aas Abbasi Assignment #2 Roll # 54233

Formula:

X – Z (S/√ n) ≤ μ ≥ X + Z (S/√ n)

=>103.472 – 2.576 (47.6418 /√ 36) ≤ μ ≥ 103.472 + 2.576 (47.6418 /√ 36)

=> 83.0177 ≤ μ ≥ 123.9262

CONCLUSION:

90% confidence interval for population mean price of cellular phone of 36 cell
phone is between 83.0177 & 123.9262