To construct a 95% Confidence Interval, we have to find the margin of error (ME), and we can use the following formula: 1.96*SE, where SE is computed the same way as in the problem above. Using SE = 0.049, find ME for the 95% Confidence Interval.

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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What if we're able to use a normal model.

To construct a 95% Confidence Interval, we have to find the margin of error (ME), and we can use the following formula:

1.96*SE, where SE is computed the same way as in the problem above.

Using SE = 0.049, find ME for the 95% Confidence Interval.

Round your answer to 3 decimal places.

Expert Solution
Step 1

From the provided information,

Confidence level = 95%

Standard error (SE) = 0.049

The z value at 95% confidence level from the standard normal table is 1.96.

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