Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Esp You work for a chain of hamburger restaurants and want to estimate the population mean of the wait times in the drive-thru for all

image text in transcribed
Esp You work for a chain of hamburger restaurants and want to estimate the population mean of the wait times in the drive-thru for all customers. To do so, you select a random sample of 40 of the chain's drive-thru customers and record the wait time in the drive-thru for each. Assume it is known that the population standard deviation of the wait times in the drive-thru for the hamburger chain's restaurants is 2.91 minutes. Based on your sample, follow the steps below to construct a 90%% confidence interval for the population mean of the wait times in the drive-thru for all customers. (If necessary, consult a list of formulas.) (a) Click on "Take Sample" to see the results from your random sample of 40 customers. Number of Sample mean Sample standard Population customers deviation standard deviation Take Sample 40 5.38 2.79 2.91 Enter the values of the sample size, the point estimate for the population mean, the population standard deviation, and the critical value you need for your 90% confidence interval. (Choose the correct critical value from the table of critical values provided.) When you are done, select "Compute". Sample size: Standard error: Point estimate: Population standard deviation: Margin of error: nfidence Critical level value Critical value: 0.005 2.576 90% confidence interval: 0.025 1.960 Compute 90% -0.050 1-645 (b) Based on your sample, enter the lower and upper limits to graph the 90% confidence interval for the population mean of the wait times in the drive-thru for all customers. 90% confidence interval: 0.00 10.04 10 00

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

An Elementary Introduction To Mathematical Finance

Authors: Sheldon M Ross

3rd Edition

1139065106, 9781139065108

More Books

Students also viewed these Mathematics questions

Question

What factors affect the strength of learning?

Answered: 1 week ago