Question
You want to know how the commuting time of your employees compares to Departments competing for the same staff, so you get some survey data
You want to know how the commuting time of your employees compares to Departments competing for the same staff, so you get some survey data on average commuting times for 25 randomly selected people in your line of business.
Data: 59, 74, 73, 66, 80, 84, 90, 122.5, 37.2, 50, 139.3, 39, 80, 35, 88, 34, 82, 65, 61, 63, 66, 88, 70, 79, 75
You find that the mean commuting time is 72 minutes, with a standard deviation of 24.53.
a) Calculate your standard error.
b) Based on this, calculate a 95 percent Confidence Interval for the mean commuting time.
c) Given the data in the question above about mean commuting time, calculate the 90% Confidence Interval.
d) Which is a bigger range, the 95% or 90% confidence interval? Why?
e) What assumptions must you make about the population when constructing confidence interval estimates?
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a Standard error b Standard error c Sample mean 72 Degree o...Get Instant Access to Expert-Tailored Solutions
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