Question
A large retail store chain is performing analysis on employee turnover. Based on data gathered from a random sample of 18 stores, the average number
A large retail store chain is performing analysis on employee turnover. Based on data gathered from a random sample of 18 stores, the average number of employees who leave a store per year is 56.7, with a standard deviation of 5.8 employees. The corporate headquarters would like to make a confidence interval for the population average number of employees leaving a store (across all of their stores). Considering the assumptions and conditions are satisfied, what would be the lower bound of a 95% confidence interval for the population average of employees leaving a store per year?
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