A construction company notes the time, $$\(t\)$$ days, that it takes to build each house of a certain design. The results for a random sample of 60 such houses are summarised as follows. $$\( \Sigma t=4820 \quad \Sigma t^{2}=392050 \)$$ Calculate a $$\(98 \%\)$$ confidence interval for the population mean time. .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... .................................................................................................................................................... ....................................................................................................................................................

Mathematics
IGCSE&ALevel
CAIE
Exam No:9709_m21_qp_62 Year:2021 Question No:1(a)

Answer:

\(\operatorname{Est}(\mu)=\frac{4820}{60}\) or \(\frac{241}{3}\) or \(80.3(3 \mathrm{sf})\)
\(\operatorname{Est}\left(\sigma^{2}\right)=\frac{60}{59}\left(\frac{392050}{60}-\left(\frac{4820}{60}\right)^{2}\right)\)
\(82.0904\left(\frac{14530}{177}\right)\) to \(82.635\) or \(\mathrm{SD}=9.0604\) to \(9.0904(3 \mathrm{sf})\)
\(z=2.326\)
\(\frac{4820}{60} \pm z \times \sqrt{\frac{82.0904^{\prime}}{60}}\)
\(77.6\) to \(83.1(3 \mathrm{sf})\)

Knowledge points:

6.4.6 calculate unbiased estimates of the population mean and variance from a sample, using either raw or summarised data (Only a simple understanding of the term ‘unbiased’ is required, e.g. that although individual estimates will vary the process gives an accurate result ‘on average’.)
6.4.8 determine, from a large sample, an approximate confidence interval for a population proportion.

Solution:

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