Question
A study of the career paths of hotel general managers sent questionnaires to an SRS of 200 hotels belonging to major U.S. hotel chains. There
A study of the career paths of hotel general managers sent questionnaires to an SRS of 200 hotels belonging to major U.S. hotel chains. There were 80 responses. The average time these 80 general managers had spent with their current company was 8.06 years. (Take it as known that the standard deviation of time with the company for all general managers is 1.4 years.)
(a) Find the margin of error for a 90% confidence interval to estimate the mean time a general manager had spent with their current company: years
(b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: years
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