A random sample of 35 individuals in the waiting line for service by a bankofficer is selected.From the sample, we found that the mean waiting time was 22 minutes with astandard deviation of 8 minutes. The bank officer wants to estimate themean waiting time.i) Define the population parameter of interest in this problem.ii) Calculate the margin of error for a 90% confidence interval.iii) Using a 90% confidence level, estimate the population mean waiting timefor all individuals waiting in the service line.Ans:iii) (19.78, 24.22 minutes)

Given that A random sample of 35 individuals in the waiting line for service by a bank officer is…

Answered: A random sample of 35 individuals in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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