Unoccupied seats on flights cause airlines to lose revenue. As an intern in the finance department for Sunrise Airways, Garrett is tasked with estimating the average number of unoccupied seats per flight over the past year. To accomplish this, the records of 320 flights are randomly selected and the number of unoccupied seats is noted for each of the sampled flights. The sample mean is 15.6 seats and the standard deviation is 4.6 seats. Construct a 99% confidence interval for the population mean number of unoccupied seats per flight during the past year. If necessary, round results to 1 decimal places.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Unoccupied seats on flights cause airlines to lose revenue. As an intern in the finance department for
Sunrise Airways, Garrett is tasked with estimating the average number of unoccupied seats per flight over
the past year. To accomplish this, the records of 320 flights are randomly selected and the number of
unoccupied seats is noted for each of the sampled flights. The sample mean is 15.6 seats and the standard
deviation is 4.6 seats.
Construct a 99% confidence interval for the population mean number of unoccupied seats per flight during
the past year.
If necessary, round results to 1 decimal places.
Transcribed Image Text:Unoccupied seats on flights cause airlines to lose revenue. As an intern in the finance department for Sunrise Airways, Garrett is tasked with estimating the average number of unoccupied seats per flight over the past year. To accomplish this, the records of 320 flights are randomly selected and the number of unoccupied seats is noted for each of the sampled flights. The sample mean is 15.6 seats and the standard deviation is 4.6 seats. Construct a 99% confidence interval for the population mean number of unoccupied seats per flight during the past year. If necessary, round results to 1 decimal places.
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