Question #2009475: Confidence Intervals – Calculation

Question: A random sample of 49 lunch customers was taken at a restaurant. The average amount of time the customers in the sample stayed in the restaurant was 33 minutes. From past experience it is known that the population standard deviation equals 10 minutes.

a) Compute the standard error of the mean

b) What can be said about the sampling distribution for the average amount of time customers spent in the restaurant? explain your answer

c) With a .95 probability what statement can be made about the size of the margin of error

d) Construct a 95% confidence interval for the true average amount of time customers spent in the restaurant

e) With a .95 probability, how large of a sample would have to be taken to provide a margin of error with 2.5 minutes or less.

Solution: The solution consists of 325 words (2 pages)
Deliverables: Word Document

Like it? Share with your friends!


log in

reset password

Back to
log in
Do NOT follow this link or you will be banned from the site!