According to the U.S. Census Bureau, the average travel time to work in Philadelphia is 27.4 minutes.
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According to the U.S. Census Bureau, the average travel time to work in Philadelphia is 27.4 minutes. Suppose a business researcher wants to estimate the average travel time to work in Cleveland using a 95% level of confidence. A random sample of 45 Cleveland commuters is taken and the travel time to work is obtained from each. The data follow. Assuming a population standard deviation of 5.124, compute a 95% confidence interval on the data.What is the point estimate and what is the error of the interval? Explain what these results means in terms of Philadelphiacommuters.
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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