2) Suppose that we want to estimate the 0.80 quantile of average daily waiting time in the queue for assembly process in a manufacturing system and form 90% confidence interval for it, based on R=20 replications. The average waiting time data collected from a simulation model of the manufacturing system is given in Table 1 below. Replication Avg. Waiting Replication Avg. Waiting Replication Avg. Waiting Replication Avg. Waiting No No No No 1 6 11 16 2 17 3 18 4 19 5 20 Time 3,3 3,8 2,2 2,3 2,4 10 3,1 a. Calculate the point estimator and interpret it b. Calculate the confidence interval Time 2,3 2,2 2,2 2,1 7 8 9 12 13 14 15 Time 2,5 3,3 3,2 4 3,4 Time 4,8 3,9 4,5 4,4 4,3

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