Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The manager of a local fastfood restaurant is interested in improving the service provided to customers who use the restaurant's driveup window. As a first

image text in transcribed
image text in transcribed
The manager of a local fastfood restaurant is interested in improving the service provided to customers who use the restaurant's driveup window. As a first step in this process, the manager asks his assistant to record the time it takes to serve a large number of customers at the nal Window in the facility's driveup system. The results are in the file PO7_08.x|sx, which consists of nearly 1200 service times. For this problem, you can assume that the population is the data in this file. Use Excel to generate a simple random sample of size 30 from the data. Round your answers to two decimal places, if necessary. a. Calculate a point estimate of the population mean from the sample selected above. 58.35 6 What is the sampling error, that is, by how much does the sample mean differ from the population mean? 2.85 (:0 b. Calculate a good approximation for the standard error of the mean. 4.53 M c. [f you wanted to halve the standard error from part c, what approximate sample size would you need? 120 9 Why is this only approximate? Because the exact standard error is determined by the M standard deviation, not the population v (:0 standard deviation

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

Algebra And Trigonometry Enhanced With Graphing Utilities (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134273842, 9780134273846

More Books

Students also viewed these Mathematics questions