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The marketing director of a large department store wants to estimate the average number of customers...

The marketing director of a large department store wants to estimate the average number of customers who enter the store every five minutes. She randomly selects five-minute intervals and counts the number of arrivals at the store. She obtains the figures 56, 32, 41, 49, 56, 80, 42, 29, 32, and 70. The analyst assumes the number of arrivals is normally distributed. Using these data, the analyst computes a 95% confidence interval to estimate the mean value for all five-minute intervals. What interval values does she get?

(_____) ≤ μ ≤ (______)

Homework Answers

Answer #1

From the sample data,

= 48.7

S = 16.96434

t critical value at 0.05 level with 9 df = 2.262

95% confidence interval for is

- t * S / sqrt(n) < < + t * S / sqrt(n)

48.7 - 2.262 * 16.96434 / sqrt(10) < < 48.7 + 2.262 * 16.96434 / sqrt(10)

35.565 < < 60.835

95% CI is ( 35.565 , 60.835 )

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