A study of the career paths of hotel general managers sent questionnaires to a random sample of 280 hotels belonging to major U.S. hotel chains. There were 169 responses. The average time these 169 general managers had spent with their current company was 11.05 years, and the standard deviation of time with the company was 2.6 years. (a) Find the margin of error for a confidence interval to estimate the mean time a general manager had spent with their current company. Use a confidence level of 90%. Answer: years (b) Find the margin of error for a confidence interval to estimate the mean time a general manager had spent with their current company. Use a confidence level of 99%.
A study of the career paths of hotel general managers sent questionnaires to a random sample of 280 hotels belonging to major U.S. hotel chains. There were 169 responses. The average time these 169 general managers had spent with their current company was 11.05 years, and the standard deviation of time with the company was 2.6 years.
(a) Find the margin of error for a confidence
Answer: years
(b) Find the margin of error for a confidence interval to estimate the mean time a general manager had spent with their current company. Use a confidence level of 99%.
Answer: years
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