The Bendbo Corporation has a total of 300 employees in its two manufacturing locations and the headquarters
Question:
a. Assuming that the mean and standard deviation of the original study hold, what is the probability of obtaining a sample mean of 5.9 miles or less?
b. Based on this probability, do you think the average travel distance may have decreased?
c. A second random sample of 40 was selected. This sample produced a mean travel distance of 5.9 miles. If the mean for all employees is 6.2 miles and the standard deviation is 3 miles, what is the probability of observing a sample mean of 5.9 miles or less?
d. Discuss why the probabilities differ even though the sample results were the same in each case. Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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