Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Individuals from a consulting firm are concerned about a growing decline in the firm's weekly number of billable hours. The firm expects each professional employee

Individuals from a consulting firm are concerned about a growing decline in the firm's weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm's full-time employees, the management randomly selected a sample of size 50 from the available frame. The sample mean and sample standard deviations were 45.5 and 7.5 hours, respectively.

Construct a 92% confidence interval for the average number of hours this firm's employees spend on work-related activities in a typical week.

What are the lower and upper limits rounded to 1 decimal?

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

How To Prove It A Structured Approach

Authors: Daniel J Velleman

2nd Edition

0511159439, 9780511159435

More Books

Students also viewed these Mathematics questions

Question

outline some of the current issues facing HR managers

Answered: 1 week ago