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a) A financial officer for a company wants to estimate the percent of accounts receivable that are more than 30 days overdue. He surveys 200
a) A financial officer for a company wants to estimate the percent of accounts receivable that are |
more than 30 days overdue. He surveys 200 accounts and finds 142 are more than 30 days overdue. |
Compute a 90% confidence interval for the true proportion of accounts receivable that are more than |
30 days overdue. |
b) A commuter travels many kilometres to work each morning. She has timed this trip 8 times during |
the last month to record the following sample (in minutes) showing the time required to make the trip |
each time: |
48, 47, 43, 49, 40, 39, 43, 44 |
Construct a 95% confidence interval to estimate the population mean time the commuter takes |
travelling to work in the morning. |
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