Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Batch 7 - May I please get help/guidance with the following homework question? Thank you for your help. Q23 : Computer Services, Inc. wants to

Batch 7 - May I please get help/guidance with the following homework question? Thank you for your help.

Q23:

Computer Services, Inc. wants to determine a confidence interval for the average CPU time of their teleprocessing transactions. A sample of 34 transactions yielded a mean of 4 seconds with a standard deviation of 0.9 seconds.

a. What is the Margin of Error (MOE) if a 95% confidence interval is desired?

b. What is a 95% confidence interval (CI) estimate for the mean CPU times?

c.How large the sample must be in order to obtain 97% confidence interval with margin of error equal to .2 second.

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

New Trends In Shape Optimization

Authors: Aldo Pratelli, Günter Leugering

1st Edition

3319175637, 9783319175638

More Books

Students also viewed these Mathematics questions

Question

In what ways does a supplier scorecard help the supply manager?

Answered: 1 week ago