Question
Suppose that an accounting firm does a study to determine the time needed to complete one person's tax forms. It randomly surveys125people. The sample mean
Suppose that an accounting firm does a study to determine the time needed to complete one person's tax forms. It randomly surveys125people. The sample mean is23.4hours. There is a known population standard deviation of6.2hours. The population distribution is assumed to be normal.
NOTE: If you are using a Student'st-distribution, you may assume that the underlying population is normally distributed. (In general, you must first prove that assumption, though.)
Construct a 90% confidence interval for the population mean time to complete the tax forms.
(i) State the confidence interval. (Round your answers to two decimal places.)
( , )
(ii) Sketch the graph. (Round your answers to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To construct a 90 confidence interval for the population mean time to complete the tax forms we foll...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