Find out the average number of hands the casino expect


Suppose that you are the director of table game operations at a large casino, known especially for its poker room. You are interested in determining the average number of hands the casino should expect per hour during peak hours in the poker room. You monitor the number of hands over the next week and given a random sample of 21 hours, you see that on average 198.06 hands are played per hour, with a standard deviation of 7.246 hands and you calculated a 90% confidence interval to be (195.333, 200.787). Your manager believes the true mean is 196.99. Which of the following is the best conclusion?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Find out the average number of hands the casino expect
Reference No:- TGS043481

Expected delivery within 24 Hours