Suppose you are the manager of Speedy Olil Change. You think your branch is very quick with oil changes, but lately you have been getting some customer complaints that it takes too long to get an oil change. You take a random sample of 36 customers and time how long (in minutes) the customer must wait for their oil change. The results are in the table below. 42 29 19 11 10 27 41 27 22 26 28 32 17 15 25 35 31 22 13 31 17 37 33 25 18 24 28 21 40 19 33 30 14 23 22 10 (data from http://org.elon.edu/econ/sac/Descriptive.htm) 1. Construct a 98% confidence interval for the mean number of minutes it takes for an oil change. (Round each number to 1 decimal place) 2. Write a sentence to interpret what the confidence interval in #1 means. 3. Using the interval from #1, calculate the point estimate and margin of error for the interval. (1 decimal place) Point Estimato =. minutes Margin of Error minutes
Suppose you are the manager of Speedy Olil Change. You think your branch is very quick with oil changes, but lately you have been getting some customer complaints that it takes too long to get an oil change. You take a random sample of 36 customers and time how long (in minutes) the customer must wait for their oil change. The results are in the table below. 42 29 19 11 10 27 41 27 22 26 28 32 17 15 25 35 31 22 13 31 17 37 33 25 18 24 28 21 40 19 33 30 14 23 22 10 (data from http://org.elon.edu/econ/sac/Descriptive.htm) 1. Construct a 98% confidence interval for the mean number of minutes it takes for an oil change. (Round each number to 1 decimal place) 2. Write a sentence to interpret what the confidence interval in #1 means. 3. Using the interval from #1, calculate the point estimate and margin of error for the interval. (1 decimal place) Point Estimato =. minutes Margin of Error minutes
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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Transcribed Image Text:Suppose you are the manager of Speedy Oil Change. You think your branch is very quick with oil
changes, but lately you have been getting some customer complaints that it takes too long to get an
oil change. You take a random sample of 36 customers and time how long (in minutes) the customer
must wait for their oil change. The results are in the table below.
42
29
19
11
10
27
41
27
22
26
28
32
17
15
25
35
31
22
13
31
17
37
33
25
18
24
28
21
40
19
33
30
14
23
22
10
(data from http://org.elon.edu/econ/sac/Descriptive.htm)
1. Construct a 98% confidence interval for the mean number of minutes it takes for an oil change.
(Round each number to 1 decimal place)
2. Write a sentence to interpret what the confidence interval in #1 means.
3. Using the interval from #1, calculate the point estimate and margin of error for the interval.
(1 decimal place)
Point Estimate =
minutes
Margin of Error =
minutes
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