Question

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 )

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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 57, 32, 41, 48, 56, 80, 42, 29, 32, and 74. 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...
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 57, 32, 41, 46, 56, 80, 39, 29, 32, and 75. 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...
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 51, 32, 41, 42, 56, 80, 48, 29, 32, and 69. The analyst assumes the number of arrivals is normally distributed. Using these data, the analyst computed a 95% confidence interval to estimate the mean value for all...
question 1. A marketing specialist wants to estimate the average amount spent by visitors to an...
question 1. A marketing specialist wants to estimate the average amount spent by visitors to an online retailer's newly-designed website. From the data in a preliminary study she guesses that the standard deviation of the amount spent is about 16 dollars. How large a sample should she take to estimate the mean amount spent to within 4 dollars with 95% confidence? (Round your answer up to the next largest integer). ______ question 2. Pepsi wants to use this technique to...
A large retail store wants to estimate the average amount of time (μμ) its customers wait...
A large retail store wants to estimate the average amount of time (μμ) its customers wait in line during checkout. In a simple random sample of 46 customers, the average wait time was 231.3 seconds. The wait times in the sample had a standard deviation of 34.29 seconds.In each question below, give answers to at least three decimal places. Find a 90% confidence interval for μμ, using the above sample data: equation editor Equation Editor <μ<<μ< equation editor Equation Editor...
The owner of a specialty coffee shop wants to study coffee purchasing habits of customers at...
The owner of a specialty coffee shop wants to study coffee purchasing habits of customers at her shop. She selects a random sample of 60 customers during a certain week. Customer Y 1 0 Note: Y is an indicator variable, i.e., if Y=1, then customer said they "definitely would" recommend specialty shop to family and friends, and Y=0 otherwise. 2 1 3 0 4 0 5 0 6 0 7 0 8 1 9 1 10 1 11 0 12...
1.Mall security estimates that the average daily per-store theft is no more than $250, but wants...
1.Mall security estimates that the average daily per-store theft is no more than $250, but wants to determine the accuracy of this statistic. The company researcher takes a sample of 64 clerks and finds that =$252 and s = $10. a) Test at α = .05 b) Construct a 90% CIE of μ 2.A college wants to know the lower limit of a two-sided 80% confidence interval for SAT scores on the Math section (range equals 200 to 800). They...
The vice president of the student organization has asked you to create an estimate of the...
The vice president of the student organization has asked you to create an estimate of the proportion of students who have attained more than 60 credit hours. You ask her what level of confidence she wants to have in the estimate and she says that she would like to be 90% confident in the proportion estimate. Create the confidence interval using the sample data. Write a sentence or two to communicate the results to her. Student More than 60 credit...
The Student Government Association is interested in an estimate of the mean number of hours students...
The Student Government Association is interested in an estimate of the mean number of hours students work per week. They take a simple random sample of 89 students. The data they collected can be found in the column labeled “Number of hours worked per week”. Use the sample data to construct a 95% confidence interval for the mean number of hours worked. Write one or two sentences to communicate to the Student Government Association the estimate and the margin of...