Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Customers arrive at a movie theater at the advertised movie time only to find that they have to sit throogh several previews and prepreview ads

image text in transcribed
Customers arrive at a movie theater at the advertised movie time only to find that they have to sit throogh several previews and prepreview ads before the move starts. Many complain that the time devoted to previews is too long. A preliminary sample conducted by the iwall stroet fournal thowed that the standard deviation of the ameunt of fimen devoted to previews was 4 minutes. Use that as a planning value for the standard deviation in answering the following questions. Round your answer to next whole number a. If we want to estimate the population mean time for previews at movie theaters with a margin of error of 75 seconds, what sample size should be used? Assume 95% confidence. b. If we want to estimate the population mean time for previews at movie theaters with a margin of error of 1 minute, what sample ste should be usedr Asoume 95% confldence. Customers arrive at a movie theater at the advertised movie time only to find that they have to sit throogh several previews and prepreview ads before the move starts. Many complain that the time devoted to previews is too long. A preliminary sample conducted by the iwall stroet fournal thowed that the standard deviation of the ameunt of fimen devoted to previews was 4 minutes. Use that as a planning value for the standard deviation in answering the following questions. Round your answer to next whole number a. If we want to estimate the population mean time for previews at movie theaters with a margin of error of 75 seconds, what sample size should be used? Assume 95% confidence. b. If we want to estimate the population mean time for previews at movie theaters with a margin of error of 1 minute, what sample ste should be usedr Asoume 95% confldence

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_2

Step: 3

blur-text-image_3

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

World Class Internal Audit Tales From My Journey

Authors: Norman Marks

1st Edition

1500791962, 978-1500791964

More Books

Students also viewed these Accounting questions

Question

Define Gini index. What does it measure?

Answered: 1 week ago