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Suppose that a sample of 38 employees at a large company were surveyed and asked how many hours a week they thought the company wasted
Suppose that a sample of 38 employees at a large company were surveyed and asked how many hours a week they thought the company wasted on unnecessary meetings. The mean number of hours these employees stated was 12.4 with standard deviation of 5.1. a) calculate a 99% confidence interval to estimate the mean amount of time all employees at this company believe is wasted on unnecessary meetings each week. b) is your estimation always correct? Please briefly explain your reasoning. c) what happens to the confidence interval if the standard deviation takes a bigger value? Please briefly explain your reasoning
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