The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 175, 125, 180, 220, 240, and 245. She believes that the number of customers served on weekdays follows a normal distribution. Construct the 99% confidence interval for the average number of customers served on weekdays. Use Table 2. (Round intermediate calculations to 4 decimal places, "sample mean" and "sample standard deviation" to 2 decimal places. Round "t" value to 3 decimal places and final answers to 2 decimal places.) Confidence interval to
First enter Data into EXCEL
We have to find the sample mean.
Excel command is =AVERAGE(Select data)
sample mean = = 197.5
Now we have to find sample standard deviation.
Excel command is =STDEV(Select data)
standard deviation = s = 46.13
n = 6
= 197.5
s = 46.13
99 % confidence interval
Formula
tc =4.032 ( using t-table )
99 % confidence interval is
The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the...
The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 125, 110, 220, 280, 130, and 240. She believes that the number of customers served on weekdays follows a normal distribution. Construct the 99% confidence interval for the average number of customers served on weekdays. (You may find it useful to reference the t table. Round intermediate calculations to at least 4 decimal places, "sample mean" and "sample standard...
The manager of The Eastside Brewery in Chicago reports that on six randomly selected weekdays, the number of customers served was as follows: 120 130 1100 205 185 220 She believes that the number of customers served on weekdays follows a normal distribution. a. Construct the 95% confidence interval for the average number of customers served on weekdays. (Round answers to 2 decimal places.) Confidence interval to b. How can the margin of error reported in part a be reduced?...
Student's t Distribution CI The manager of The Cheesecake Factory in Boston would like to know the mean number of customers served on weekdays. She believes that the number of customers served follows a Normal distribution. She reports that on six randomly selected weekdays an average of 158.3 customers were served with a sample standard deviation of 52.2. a. Calculate the standard error of the sample mean. b Find the t-critical value for a 99% confidence interval with a sample...
A small hair salon in Denver, Colorado, averages about 30 customers on weekdays with a standard deviation of 6. It is safe to assume that the underlying distribution is normal. In an attempt to increase the number of weekday customers, the manager offers a $2 discount on 5 consecutive weekdays. She reports that her strategy has worked since the sample mean of customers during this 5 weekday period jumps to 35. Use Table 1. a. What is the probability to...
A small hair salon in Denver, Colorado, averages about 62 customers on weekdays with a standard deviation of 16. It is safe to assume that the underlying distribution is normal. In an attempt to increase the number of weekday customers, the manager offers a $3 discount on 9 consecutive weekdays. She reports that her strategy has worked since the sample mean of customers during this 9 weekday period jumps to 74. Use Table 1. a. What is the probability to...
The weights of 6 randomly selected mattresses were found to have a variance of 1.48. Construct the 99% confidence interval for the population variance of the weights of all mattresses in this factory. Round your answers to two decimal places. (lower and upper endpoint)
A survey of 25 randomly selected customers found the ages shown (in years). The mean is 32.00 years and the standard deviation is 9.99 3 years. a Construct a 99% confidence interval for the mean age of all customers, assuming that the assumptions and conditions or the con interval have been met b) How large is the margin of error? c) How would the confidence interval change i you had assumed that the standard deviation was known to be 10.0...
1. In an August 2012 Gallup survey of 1,012 randomly selected U.S. adults (age 18 and over), 53% said that they were dissatisfied with the quality of education students receive in kindergarten through grade 12. The bootstrap distribution (based on 5,000 samples) is provided. a). Would it be appropriate to use the normal distribution to construct the confidence interval in this situation? Explain briefly. b). The standard error from the bootstrap distribution is SE = 0.016. Use the normal distribution...
Refer to the data set of 20 randomly selected presidents given
below. Treat the data as a sample and find the proportion of
presidents who were taller than their opponents. Use that result to
construct a 95% confidence interval estimate of the population
percentage. Based on the result, does it appear that greater
height is an advantage for presidential candidates? Why or why
not?
Construct a 95% confidence interval estimate of the percentage
of presidents who were taller than their...
A survey of 41 randomly selected "iPhone" owners showed that the purchase price has a mean of $414 with a sample standard deviation of $180. a. Compute the standard error of the sample mean. (Round the final answer to the nearest whole number.) Standard error b. Compute the 80% confidence interval for the mean. (Round the final answers to 2 decimal places.) The confidence interval is between $ and $ . c. How large a sample is needed to estimate...