Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

World Bank, is a survey of more than 4,000 firms in 22 transition countries. Conducted in 2000, BEEPS gathered information on the impediments to business

image text in transcribed
image text in transcribed
World Bank, is a survey of more than 4,000 firms in 22 transition countries. Conducted in 2000, BEEPS gathered information on the impediments to business growth in transition countries. As part of BEEPS, firms that import goods answered the question, "How many days does it take from the time your goods arrive in their port of entry until the time you can claim them from customs?" For the sample of 37 importing firms in Moldova, the sample mean x was 9.3 days, and the sample standard deviation s was 12.6 days. The standard deviation of the population is unknown, but a histogram of the sample data suggests that the population is not extremely nonnormal. To develop a 99% confidence interval estimate of the mean number of days it takes for imported goods to clear customs in Moldova, use the Use the Distributions tool to compute a 99% confidence interval estimate for the mean number of days it takes for imported goods to clear customs in Moldova. Select a Distribution Distributions 0 1 2 You are 99% confident that the mean wait time for imported goods to clear customs in Moldova is between LCL = and UCL = days

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_2

Step: 3

blur-text-image_3

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

Precalculus Enhanced With Graphing Utilities

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134268210, 9780134268217

More Books

Students also viewed these Mathematics questions

Question

=+d) Perform the ANOVA and report your conclusions.

Answered: 1 week ago

Question

What does this look like?

Answered: 1 week ago