Compute a 95% confidence interval for the population mean
Compute a 95% confidence interval for the population mean, based on the sample 1.5, 1.54, 1.55, 1.51, 0.09, 0.08, 1.55, 0.07, 0.99, 0.98, 1.12, 1.13, 1.00, 1.56, and 1.53. Change the last number from 1.53 to 50 and recalculate the confidence interval. Using the results, describe the effect of an outlier or extreme value on the confidence interval. (What is the Alpha in the answer)
Peter’s NEW IT Help company is concerned that the mean wait time of their phone customers for a customer service agent is not greater than 15 minutes. It can be assumed that the population variance is 9 minutes 6 seconds based on past experience. A sample of 563 customers is selected and the sample mean is 16 minutes 30 seconds. Using a level of significance of .10, is there evidence that the population mean wait time is greater than 15 minutes? Fully explain your answer.
11 years ago
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- confidenceinterval.docx
- confidenceinterval.xlsx