Answered step by step
Verified Expert Solution
Question
1 Approved Answer
May I please get assistance/direction on how to answer this homework question? Thanks. Question 23: Computer Services, Inc. wants to determine a confidence interval for
May I please get assistance/direction on how to answer this homework question? Thanks.
Question 23:
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.
- What is the Margin of Error (MOE) if a 95% confidence interval is desired?
- What is a 95% confidence interval (CI) estimate for the mean CPU times?
- 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started