Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An electricity provider wants to estimate the mean time it takes for customers to get an electrical fault resolved. The provider took a random sample
An electricity provider wants to estimate the mean time it takes for customers to get an electrical fault resolved. The provider took a random sample of 25 customers who had recently reported an electrical fault and found a mean time of 12.2 hours. Assume the population standard deviation is 0.53 hours. What is the value of the margin of error for a 95% confidence interval? Please give your answer correctly rounded to two decimal places and do NOT give units.
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