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Insurance Policy Profit

1 222.80
2 1756.23
3 1100.85
4 3340.66
5 1006.50
6 445.50
7 3255.60
8 3701.85
9 -803.35
10 3865.90
11 463.35
12 -66.20
13 57.90
14 833.95
15 1390.70
16 2447.50
17 1847.50
18 865.40
19 1415.65
20 2756.94
21 2089.40
22 2692.75
23 2495.70
24 2172.70
25 3249.65
26 -397.10
27 -397.31
28 186.25
29 590.85
30 578.95
StatTools Report
Analysis: Confidence Interval
Performed By: Jack Yurkiewicz
Date: Sunday, January 01, 2012
Updating: Live

Profit
Conf. Intervals (One-Sample) Data Set #1
Sample Size 30
Sample Mean 1438.90
Sample Std Dev 1329.60
Confidence Level (Mean) 95.0%
Degrees of Freedom 29
Lower Limit 942.42
Upper Limit 1935.38

StatTools does not show the t-value;


if you are using a computer to get the
confidence interval, why would you want it anyway?
t-value 2.0452296421
2.0452296421
2.0452296421
Data Sample Mean Sample SD Sample Size Standard Error
222.80 1438.9023333333 1329.5954848872 30 242.7498131432
1756.23
1100.85
3340.66
1006.50
445.50
3255.60
3701.85
-803.35
3865.90
463.35
-66.20
57.90
833.95
1390.70
2447.50
1847.50
865.40
1415.65
2756.94
2089.40
2692.75
2495.70
2172.70
3249.65
-397.10
-397.31
186.25
590.85
578.95
Confidence Interval for Mean

Confidence Interval for the Population Mean


sample mean 1438.90 t value 2.05
Std Deviation 1329.60
sample size, n 30 CI Lower Value
Confidence Level 0.950 942.42

Confidence Interval

0.00 500.00 1000.00 1500.00

Confidence interval for the population mean:

Enter your sample data in The Data worksheet, in


column A, starting in cell A2. If your data set is
smaller than the sample data shown, then delete my
data and use yours. If your data set is larger, just
overwrite my data. Finally, enter the desired
Confidence Level in cell B5 above.

If the population is normally distributed, then the


formula below is valid. If the population is not
normally distributed, but the sample size is
sufficiently large (at least 30 for the Central Limit
Theorem to hold), then the formula below is also
valid. If the population is not normally distributed
and the sample size is small, then the formula below
is not valid and should not be used.
Page 4
xbar + or - t * (s/sqrt(n))
normally distributed, but the sample size is
sufficiently large (at least 30 for the Central Limit
Theorem to hold), then the formula
Confidence Intervalbelow
for Meanis also
valid. If the population is not normally distributed
and the sample size is small, then the formula below
is not valid and should not be used.

xbar + or - t * (s/sqrt(n))

The confidence interval uses the t distribution with n


- 1 degrees of freedom.

Page 5
Confidence Interval for Mean

CI Upper Value
1935.38

terval

1500.00 2000.00 2500.00


x

Page 6
Confidence Interval for Mean

z z Bell-p cum-p horizontal upper z or t vertical lower z or t


-3.0 710.7 0.004 0.001355 0.0000000 942.42 0.00000 1935.38
-2.9 734.9 0.006 0.001872 0.0000000 942.42322 0.01667 1935.38
-2.8 759.2 0.008 0.002562 0.0000000 942.42322 0.03333 1935.38
-2.7 783.5 0.010 0.003475 0.0000000 942.42322 0.05000 1935.38
-2.6 807.8 0.014 0.004670 0.0000000 942.42322 0.06667 1935.38
-2.5 832.0 0.018 0.006220 0.0000000 942.42322 0.08333 1935.38
-2.4 856.3 0.022 0.008208 0.0000000 942.42322 0.10000 1935.38
-2.3 880.6 0.028 0.010735 0.0000000 942.42322 0.11667 1935.38
-2.2 904.9 0.035 0.013914 0.0000000 942.42322 0.13333 1935.38
-2.1 929.1 0.044 0.017874 0.0000000 942.42322 0.15000 1935.38
-2.0 953.4 0.054 0.022759 0.0000000 942.42322 0.16667 1935.38
-1.9 977.7 0.066 0.028723 0.0000000 942.42322 0.18333 1935.38
-1.8 1002.0 0.079 0.035934 0.0000000 942.42322 0.20000 1935.38
-1.7 1026.2 0.094 0.044567 0.0000000 942.42322 0.21667 1935.38
-1.6 1050.5 0.111 0.054797 0.0000000 942.42322 0.23333 1935.38
-1.5 1074.8 0.130 0.066802 0.0000000 942.42322 0.25000 1935.38
-1.4 1099.1 0.150 0.080749 0.0000000 942.42322 0.26667 1935.38
-1.3 1123.3 0.171 0.096791 0.0000000 942.42322 0.28333 1935.38
-1.2 1147.6 0.194 0.115059 0.0000000 942.42322 0.30000 1935.38
-1.1 1171.9 0.218 0.135657 0.0000000 942.42322 0.31667 1935.38
-1.0 1196.2 0.242 0.158649 0.0000000 942.42322 0.33333 1935.38
-0.9 1220.4 0.266 0.184058 0.0000000 942.42322 0.35000 1935.38
-0.8 1244.7 0.290 0.211858 0.0000000 942.42322 0.36667 1935.38
-0.7 1269.0 0.312 0.241971 0.0000000 942.42322 0.38333 1935.38
-0.6 1293.3 0.333 0.274264 0.0000000 942.42322 0.40000 1935.38

Page 7
Confidence Interval for Mean

-0.5 1317.5 0.352 0.308549 0.0000000 942.42322 0.41667 1935.38


-0.4 1341.8 0.368 0.344587 0.0000000 942.42322 0.43333 1935.38
-0.3 1366.1 0.381 0.382091 0.0000000 942.42322 0.45000 1935.38
-0.2 1390.4 0.391 0.420734 0.0000000 942.42322 0.46667 1935.38
-0.1 1414.6 0.397 0.460162 0.0000000 942.42322 0.48333 1935.38
0.0 1438.9 0.399 0.500000 0.0000000 942.42322 0.50000 1935.38
0.1 1463.2 0.397 0.539872 0.0000000 942.42322 0.51667 1935.38
0.2 1487.5 0.391 0.579411 0.0000000 942.42322 0.53333 1935.38
0.3 1511.7 0.381 0.618279 0.0000000 942.42322 0.55000 1935.38
0.4 1536.0 0.368 0.656179 0.0000000 942.42322 0.56667 1935.38
0.5 1560.3 0.352 0.692874 0.0000000 942.42322 0.58333 1935.38
0.6 1584.6 0.333 0.728200 0.0000000 942.42322 0.60000 1935.38
0.7 1608.8 0.312 0.762085 0.0000000 942.42322 0.61667 1935.38
0.8 1633.1 0.290 0.794560 0.0000000 942.42322 0.63333 1935.38
0.9 1657.4 0.266 0.825778 0.0000000 942.42322 0.65000 1935.38
1.0 1681.7 0.242 0.856030 0.0000000 942.42322 0.66667 1935.38
1.1 1705.9 0.218 0.885767 0.0000000 942.42322 0.68333 1935.38
1.2 1730.2 0.194 0.915628 0.0000000 942.42322 0.70000 1935.38
1.3 1754.5 0.171 0.946481 0.0000000 942.42322 0.71667 1935.38
1.4 1778.8 0.150 0.979478 0.0000000 942.42322 0.73333 1935.38
1.5 1803.0 0.130 1.016152 0.0000000 942.42322 0.75000 1935.38
1.6 1827.3 0.111 1.058552 0.0000000 942.42322 0.76667 1935.38
1.7 1851.6 0.094 1.109477 0.0000000 942.42322 0.78333 1935.38
1.8 1875.9 0.079 1.172847 0.0000000 942.42322 0.80000 1935.38
1.9 1900.1 0.066 1.254355 0.0000000 942.42322 0.81667 1935.38
2 1924.4 0.054 1.362607 0.0000000 942.42322 0.83333 1935.38
2.1 1948.7 0.044 1.511275 0.0000000 942.42322 0.85000 1935.38
2.2 1973.0 0.035 1.723371 0.0000000 942.42322 0.86667 1935.38
2.3 1997.2 0.028 2.040441 0.0000000 942.42322 0.88333 1935.38
2.4 2021.5 0.022 2.544358 0.0000000 942.42322 0.90000 1935.38
2.5 2045.8 0.018 3.415941 0.0000000 942.42322 0.91667 1935.38
2.6 2070.1 0.014 5.122253 0.0000000 942.42322 0.93333 1935.38
2.7 2094.3 0.010 9.184761 0.0000000 942.42322 0.95000 1935.38
2.8 2118.6 0.008 22.906007 0.0000000 942.42322 0.96667 1935.38
2.9 2142.9 0.006 ### 0.0000000 942.42322 0.98333 1935.38
3 2167.2 0.004 ### 0.0000000 942.42322 1.00000 1935.38

Page 8
Confidence Interval for Mean

vertical upper z or t vertical Points to plot interval


0.00000 181.25 0.00000 942.42
0.01667 181.25 0.01667 1935.38
0.03333 181.25 0.03333
0.05000 181.25 0.05000
0.06667 181.25 0.06667
0.08333 181.25 0.08333
0.10000 181.25 0.10000
0.11667 181.25 0.11667
0.13333 181.25 0.13333
0.15000 181.25 0.15000
0.16667 181.25 0.16667
0.18333 181.25 0.18333
0.20000 181.25 0.20000
0.21667 181.25 0.21667
0.23333 181.25 0.23333
0.25000 181.25 0.25000
0.26667 181.25 0.26667
0.28333 181.25 0.28333
0.30000 181.25 0.30000
0.31667 181.25 0.31667
0.33333 181.25 0.33333
0.35000 181.25 0.35000
0.36667 181.25 0.36667
0.38333 181.25 0.38333
0.40000 181.25 0.40000

Page 9
Confidence Interval for Mean

0.41667 181.25 0.41667


0.43333 181.25 0.43333
0.45000 181.25 0.45000
0.46667 181.25 0.46667
0.48333 181.25 0.48333
0.50000 181.25 0.50000
0.51667 181.25 0.51667
0.53333 181.25 0.53333
0.55000 181.25 0.55000
0.56667 181.25 0.56667
0.58333 181.25 0.58333
0.60000 181.25 0.60000
0.61667 181.25 0.61667
0.63333 181.25 0.63333
0.65000 181.25 0.65000
0.66667 181.25 0.66667
0.68333 181.25 0.68333
0.70000 181.25 0.70000
0.71667 181.25 0.71667
0.73333 181.25 0.73333
0.75000 181.25 0.75000
0.76667 181.25 0.76667
0.78333 181.25 0.78333
0.80000 181.25 0.80000
0.81667 181.25 0.81667
0.83333 181.25 0.83333
0.85000 181.25 0.85000
0.86667 181.25 0.86667
0.88333 181.25 0.88333
0.90000 181.25 0.90000
0.91667 181.25 0.91667
0.93333 181.25 0.93333
0.95000 181.25 0.95000
0.96667 181.25 0.96667
0.98333 181.25 0.98333
1.00000 181.25 1.00000

Page 10
StatTools Report
Analysis: Confidence Interval
Performed By: ajlafauci
Date: Wednesday, March 25, 2015
Updating: Live

Profit
Conf. Intervals (One-Sample) Data Set #1
Sample Size 30
Sample Mean 1438.90
Sample Std Dev 1329.60
Confidence Level (Mean) 95.0%
Degrees of Freedom 29
Lower Limit 942.42
Upper Limit 1935.38

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