Hello everyone. I have a question that I am stuck with. I have no idea if I am on the right track here. I have a series of questions like the one I posted below and I want to make sure I am solving this one correctly before I proceed.
1. Compute a 95% confidence interval for the population mean, based on the sample 1, 2, 3, 4, 5, 6, and 30. Change the number from 30 to 10 and recalculate the confidence interval. Using the results, describe the effect of an outlier or extreme value on the confidence interval.
Here is my answer:
Sample A Sample B
1 1
2 2
3 3
4 4
5 5
6 6
30 10
mean 7.285714286 4.428571429
SD 9.406901505 2.770102776
For Sample A, the sampling distribution of the mean has a mean of 7.285714 and a standard deviation of 9.406902/the square root of the sample size 2.64575 = 3.555476
7.285714 - (1.96) (3.555476) = 0.316984
7.285714 + (1.96) (3.555476) = 14.25444
For Sample B, the sampling distribution of the mean has a mean of 4.428571 and a standard deviation of 2.770103/the square root of the sample size 2.64575 = 1.04700
4.428571 - (1.96) (1.04700) = 2.37645
4.428571 + (1.96) (1.04700) = 6.48069
1. Compute a 95% confidence interval for the population mean, based on the sample 1, 2, 3, 4, 5, 6, and 30. Change the number from 30 to 10 and recalculate the confidence interval. Using the results, describe the effect of an outlier or extreme value on the confidence interval.
Here is my answer:
Sample A Sample B
1 1
2 2
3 3
4 4
5 5
6 6
30 10
mean 7.285714286 4.428571429
SD 9.406901505 2.770102776
For Sample A, the sampling distribution of the mean has a mean of 7.285714 and a standard deviation of 9.406902/the square root of the sample size 2.64575 = 3.555476
7.285714 - (1.96) (3.555476) = 0.316984
7.285714 + (1.96) (3.555476) = 14.25444
For Sample B, the sampling distribution of the mean has a mean of 4.428571 and a standard deviation of 2.770103/the square root of the sample size 2.64575 = 1.04700
4.428571 - (1.96) (1.04700) = 2.37645
4.428571 + (1.96) (1.04700) = 6.48069