Suppose that a student collects sample data on how long (in minutes) it takes students to be helped at the financial aid office. A) Based on the sample data, the student finds a sample mean of 7.6 minutes and a margin or error of 1.6 minutes and calculates a 95% confidence interval to be (6.0, 9.2). Interpret what this means in context. 3. B) The financial aid office claims their mean wait times are less than 8 minutes. Do you think this confidence interval provides sufficient evidence that the mean wait time is less than 8 minutes? Explain.

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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Suppose that a student collects sample data on how long (in minutes) it takes students to be helped at the financial aid office.
A) Based on the sample data, the student finds a sample mean of 7.6 minutes and a margin or error of 1.6 minutes and calculates a 95%
confidence interval to be (6.0, 9.2). Interpret what this means in context.
3.
B) The financial aid office claims their mean wait times are less than 8 minutes. Do you think this confidence interval provides sufficient evidence
that the mean wait time is less than 8 minutes? Explain.
Transcribed Image Text:Suppose that a student collects sample data on how long (in minutes) it takes students to be helped at the financial aid office. A) Based on the sample data, the student finds a sample mean of 7.6 minutes and a margin or error of 1.6 minutes and calculates a 95% confidence interval to be (6.0, 9.2). Interpret what this means in context. 3. B) The financial aid office claims their mean wait times are less than 8 minutes. Do you think this confidence interval provides sufficient evidence that the mean wait time is less than 8 minutes? Explain.
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