Compute confidence interval to estimate the mean value


The marketing director of a large department store wants to estimate the average number of customers who enter the store every five minutes. She randomly selects five-minute intervals and counts the number of arrivals at the store. She obtains the figures 52, 32, 41, 46, 56, 80, 45, 29, 32, and 75. The analyst assumes the number of arrivals is normally distributed. Using these data, the analyst computes a 95% confidence interval to estimate the mean value for all five-minute intervals. What interval values does she get?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Compute confidence interval to estimate the mean value
Reference No:- TGS0102807

Expected delivery within 24 Hours