The mean and the standard deviation of the sample of 100 bank customer waiting times are x¯ = 5.36 and s = 2.455.   (1) Calculate a t-based 95 percent confidence interval for µ, the mean of all possible bank customer waiting times using the new system. (2) Are we 95 percent confident that µ is less than 6 minutes?.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.1: Measures Of Center
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The mean and the standard deviation of the sample of 100 bank customer waiting times are x¯ = 5.36 and s = 2.455.

 

(1) Calculate a t-based 95 percent confidence interval for µ, the mean of all possible bank customer waiting times using the new system.

(2) Are we 95 percent confident that µ is less than 6 minutes?.

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