The new management team of a company with 200 staff members wants to know the efficiency of its staff members. They randomly select 50 staff members and observe them for a period of time and note that their daily average working hour is 7 hours. If previous research in the field of Human Resources show that the standard deviation of the number of hours that people work is half an hour, construct a 95% confidence interval for the average number of hours that the companies staff member work per day. Please include confidence interval formula that you use for your calculations

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
100%

The new management team of a company with 200 staff members wants to know
the efficiency of its staff members. They randomly select 50 staff members and observe them
for a period of time and note that their daily average working hour is 7 hours. If previous
research in the field of Human Resources show that the standard deviation of the number of
hours that people work is half an hour, construct a 95% confidence interval for the average
number of hours that the companies staff member work per day. Please include confidence interval formula that you use for your calculations 

Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman