David B. answered 03/06/23
Math and Statistics need not be scary
Since we know population standard deviation we estimate the standard deviation of the mean (standard error) as :
se = 7.1/√48 or 1.02480. ounces
Using he formula for a confidence interval (and for generating a margin of error) assuming a normally distributed variable (Since population s.d. is known we use normal distribution instead of students t distribution.) we get the following.
moe = Zcrit * se
Zcrit is the Z value such that P(Z<x) = .995 (note: this is because alpha is always split for confidence intervals). The Zcrit is 2.5758.
Thus moe = ± 2.640 ounces. (to 3 significant digits after the decimal place)