Answer:
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
For this case the confidence interval at 95% of confidence calculated was (520,560)
And from this case we can estimate the average with the following formula:
[tex]\bar X = \frac{Lower+Upper}{2}[/tex]
Since the average represent the midpoint of the interval, if we replace we got:
[tex]\bar X = \frac{520+560}{2}= 540[/tex]
Step-by-step explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X[/tex] represent the sample mean for the sample
[tex]\mu[/tex] population mean (variable of interest)
s represent the sample standard deviation
n=20 represent the sample size
Solution to the problem
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
For this case the confidence interval at 95% of confidence calculated was (520,560)
And from this case we can estimate the average with the following formula:
[tex]\bar X = \frac{Lower+Upper}{2}[/tex]
Since the average represent the midpoint of the interval, if we replace we got:
[tex]\bar X = \frac{520+560}{2}= 540[/tex]