A building manager installs sensors to see how often people turn of the lights when they leave a room. After a month the manager has sample size of 625, a sample mean of 47%, and a sample standard deviation of 5%. What is the confidence level for a confidence interval of 46.8% to 47.2%?
|dw:1569336499476:dw| Okay so we first have to understand what standard deviation is and how confidence interval works If the data is 1 standard deviation away from the mean from either side, we would be 68% confident of our data If the data is 2 standard deviations away from the mean from either side, we would be 95% confident If the data is 3 standard deviations away from the mean from either side, we would be 99% confident
We know that the standard deviation is 5% The mean is 47% 1 standard deviation is from 42-52% However this range does not appear on our data interval so we would need to find the z-score
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