Question
A department store manager wants to estimate the average number of customers who enter the store every 5 minutes. She randomly selects 5-minute intervals and
A department store manager wants to estimate the average number of customers who enter the store every 5 minutes. She randomly selects 5-minute intervals and counts the number of arrivals at the store. A random sample of 10 five-minute intervals reveals the mean number of customers who enter the store every 5-minutes to be 12 with a standard deviation of 2. Assume the population distribution is normal.Develop a 99% confidence interval. (Round all answers and calculations 2 decimal points.) (include all formulas, identify all variables, show all calculations, and draw and shade your distributions)
1. Develop a 99% confidence interval
Identify the following variables. If a variable is unknown enter unknown (all lower case) as your answer.
a. sample mean =
b. standard deviation =
c. sample size =
d. t =
Confidence interval
e. lower limit
f. upper limit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started