n 3: The waiting times (in minu standard deviation of 3.6 min ed population. Use a 98% level e population variance and (b)

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Question 3: The waiting times (in minutes) of a random sample of 22 people at a bank have
a sample standard deviation of 3.6 minutes. Assume the sample is from a normally
distributed population. Use a 98% level of confidence to construct the confidence intervals
for (a) the population variance and (b) the population standard deviation. Interpret the
results.
Transcribed Image Text:Question 3: The waiting times (in minutes) of a random sample of 22 people at a bank have a sample standard deviation of 3.6 minutes. Assume the sample is from a normally distributed population. Use a 98% level of confidence to construct the confidence intervals for (a) the population variance and (b) the population standard deviation. Interpret the results.
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