▸99% CI: [44.9667, 55.0333]
- The 99% confidence interval runs from 44.9667 to 55.0333, with a margin of error of 5.0333.
- With 30 observations, the t critical value on 29 degrees of freedom is 2.7569. As n grows, this approaches the z critical value (2.5762).
- A wider confidence interval means more uncertainty in the estimate. Increasing the sample size is the most reliable way to shrink the margin of error.
Next stepIf the interval is too wide for your purpose, you can estimate the sample size needed to achieve a target margin of error: n = (z* x sigma / ME)^2 for means, or n = z*^2 x p(1-p) / ME^2 for proportions.