Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2) A company wanted to find the average time it takes an employee to commute to work. It sampled 62 employees and found the average

image text in transcribed
image text in transcribed
2) A company wanted to find the average time it takes an employee to commute to work. It sampled 62 employees and found the average commuting time to be 31 minutes with a population standard deviation of 6.5 minutes. Using a 99% confidence level: Show all work. Assume a normal distribution. Show all necessary work to support your analysis. Round all answers to 2 decimal places. a) Find the Margin of Error at 99%. b) Find a 99% confidence interval. c) Write an interpretation for the interval

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

Students also viewed these Mathematics questions