Question

A small but important part of a university library’s budget is the amount collected in fines on overdue books. Last year, a library collected $75,652.75 in fine payments; however, the head librarian suspects that some employees are not bothering to collect the fines on overdue books. In an effort to learn more about the situation, she asked a sample of 400 students (out of a total student population of 50,000) how many books they had returned late to the library in the previous 12 months. They were also asked how many days overdue the books had been. The results indicated that the total number of days overdue ranged from 0 to 55 days. The number of days overdue was recorded.
a. Estimate with 95% confidence the average number of days overdue for all 50,000 students at the university.
b. If the fine is 25 cents per day, estimate the amount that should be collected annually. Should the librarian conclude that not all the fines were collected?



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  • CreatedFebruary 03, 2015
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