Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As this question is quite complicated, I will give a thumb for the answer and post the exact same question after the thumb, so that

As this question is quite complicated, I will give a thumb for the answer and post the exact same question after the thumb, so that you will have a double reward. Please help me for the answer. Thank you.

Please provide steps and solution.

image text in transcribedimage text in transcribed
Question 5 (23 marks) The owner of a shopping mall studied the shopping habits of his customers. In order to estimate the mean time spent by shoppers, a random sample of 10 shoppers is selected and their time spent (in minutes) in the mall are as follows: 73.2 59.8 46.7 53.4 69.8 45.6 64.5 50.2 64.8 27.9 (3) Determine the five number summary of this sample. (5 marks) (b) What assumption will have to be made if we want to construct a condence interval for the mean time spent by all shoppers in the mall? Explain. (4 marks) ) Construct an 80% confidence interval for the mean time spent by all shoppers in the mall. Interpret the result. (7 marks) (d) Based on the result of part (c), at 20% level of significance, should we reject the null hypothesis for u = 75 minutes? Explain. (3 marks) (e) In order to make the estimation of population mean corrected to within 13 minutes at 95% confidence, what is the minimum sample size? (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus

Authors: Michael Sullivan

10th Global Edition

ISBN: 1292121772, 1292121777, 978-1292121772

More Books

Students also viewed these Mathematics questions

Question

How is the so-called Green movement altering the shape of business?

Answered: 1 week ago