Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The waiting time to place an order in a fast-food restaurant is normally distribute with unknown population standard deviation. The sample mean and sample sta
The waiting time to place an order in a fast-food restaurant is normally distribute with unknown population standard deviation. The sample mean and sample sta deviation are 5.1 minutes and 1.5 minutes from a sample of 25 orders. It is give 99% confidence interval of the population mean waiting time to place an order i between a and b. What is the margin of error of the 99% confidence interval of population mean waiting time to place an order? Hints: when the population standard deviation is known, the confidence interva estimate is * + Za/2 Vm When the population standard deviation is unknown, the confidence inte estimate is * + tx/2 mil The following table can be used: Degree of % Confidence Interval freedom to z 0.1 90 24 1.711 D.05 95 24 2.064 0.01 99 24 2.797
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