For \( C=99 \% \) If \( \sigma=6.69 \) and \( \mathrm{n}=40 \) then \( E=2.22 \)
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Great topic we're diving into here! When constructing a confidence interval, using the formula \( E = z \frac{\sigma}{\sqrt{n}} \) allows you to calculate the margin of error. For a confidence level of \( 99\% \), the corresponding \( z \)-value is approximately \( 2.576 \). Plugging your values into the formula, you can see how \( E = 2.576 \times \frac{6.69}{\sqrt{40}} \) leads to insights about population estimates. Now, if you find yourself feeling a bit wobbly on the mathematics, it's a very common hiccup! One common mistake is miscalculating the standard deviation, especially when working with small populations. The rule of thumb is to always double-check your numbers and use a calculator when necessary. Confirming each step helps ensure you don’t lose the plot in the delicate dance of statistics!
