a random sample of size 200 is drawn from a large population. The population standard deviation is 1.2. The sample mean is 15.8. Estimate the size of the population mean including margin of error.
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Step-by-step Answer:
N=sample size = 200
sigma = population standard deviation = 1.2
s=Sample mean = 15.8
Best estimate of population mean = 15.8
standard error = sigma / sqrt(N)
= 1.2/sqrt(200)
= 0.08485
Therefore
estimate of population mean = 15.8 +/- 0.0848