To calculate the 95% confidence interval for the population mean age, you can use the t-distribution since the population standard deviation is not known, and you have a small sample size (30 employees). The formula for the confidence interval is:
Confidence Interval=xˉ ± t α / 2 (s/sqrt(n))
Where:
- xˉ is the sample mean age (35 years).
- tα/2 is the critical t-value for a 95% confidence interval with n−1 degrees of freedom (29 degrees of freedom for 30 samples).
- s is the sample standard deviation (5 years).
- n is the sample size (30 employees).
You’ll need to find the critical t-value for a 95% confidence interval with 29 degrees of freedom, which you can find using a t-table or calculator. For a 95% confidence interval, the critical t-value is approximately 2.045.
Now, plug in the values:
Confidence Interval=35±2.045(530)Confidence Interval=35±2.045(305)
Calculate the margin of error:
Margin of Error=2.045(530)Margin of Error=2.045(305)
Margin of Error≈1.869Margin of Error≈1.869
Now, calculate the lower and upper bounds of the confidence interval:
Lower Bound = 35−1.869≈33.1335−1.869≈33.13
Upper Bound = 35+1.869≈36.8735+1.869≈36.87
So, the 95% confidence interval for the population mean age is approximately 33.1333.13 years to 36.8736.87 years.