Question
A car manufacturer recently reviewed the build time for 25 cars. The sample mean was 24 hours with a standard deviation of 6.45 hours The
A car manufacturer recently reviewed the build time for 25 cars. The sample mean was 24 hours with a standard deviation of 6.45 hours The build times are known to be normally distributed. If the manufacturer wants to be 85% confident in the sample to represent the population,
What is the t value associated with this level of confidence? Answer
What is the standard error? Answer
What is the confidence interval? (round to one decimal places)
Lower Limit: Answer
Upper Limit: Answer
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
