Consider a simulation of a process where each trial includes 1000 iterations, and the main output of
Fantastic news! We've Found the answer you've been seeking!
Question:
Consider a simulation of a process where each trial includes 1000 iterations, and the main output of the average service time (including queue time for the 1000 customers. The results of 6 trials are shown below.
Trial 1: 27.43
Trial 2: 23.65
Trial 3: 32.49
Trial 4: 19.38
Trial 5: 25.81
Trial 6: 28.77
Calculate the 95% confidence interval for this process's average service time (in minutes)?
Related Book For
Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
Posted Date: