Find a 90 confidence interval for the mean time between


The length of time between billing and receipt of payment was recorded for a random sample of 100 of a certified public accountant (CPA) firm's clients. The sample mean and standard deviation for the 100 accounts were 39.1 days and 17.3 days, respectively. Find a 90% confidence interval for the mean time between billing and receipt of payment for all of the CPA firm's accounts. Interpret the interval.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Find a 90 confidence interval for the mean time between
Reference No:- TGS01372317

Expected delivery within 24 Hours