Question: Refer to the previous exercise. Describe the relationship between margin of error and sample size. Data from previous Exercise For each of the confidence intervals

Refer to the previous exercise. Describe the relationship between margin of error and sample size.

Data from previous Exercise

For each of the confidence intervals in the previous exercise, calculate and interpret the margin of error.

Data from previous exercise

The duration customer service calls to an insurance company is normally distributed, with mean 20 minutes, and standard deviation 5 minutes. For the following sample sizes, construct a 95% confidence interval for the population mean duration of customer service calls.

a. n = 25

b. n = 100

c. n = 400

Step by Step Solution

3.39 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The margin of error is inversely proportional to the square root of the sample size This means that ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Discovering Knowledge In Data Questions!