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The quality control team at a computer technology company needs to estimate the average useful lifespan of their high-end laptops. The useful lifespan looks at
- The quality control team at a computer technology company needs to estimate the average useful lifespan of their high-end laptops. The useful lifespan looks at how long the laptop will be able to run advanced programs on the market and meet their system specifications. A random sample of 64 laptops indicated a sample average life of approximately 35000 hours with a sample standard deviation of 10000 hours. (25 points)
- Construct and interpret a 95% CI estimate of the true lifespan of their laptops. (Use 1.96 as the critical value, and use the sample standard deviation as an estimate of population standard deviation)
- Do you think the company has a right to state that the laptops last an average of 40000 hours? Explain.
- Does the population need to be normally distributed for the interval to be valid? Explain.
- Explain why an observed value of 32000 hours is not unusual, even though it is outside the 95% confidence interval you have calculated.
- Suppose the sample average had been 30000 hours. What would have been your answer to (i)?
- Now suppose the company wanted a more precise interval estimate. What could they do to narrow the interval estimate?
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