Question: According to the U.S. Census Bureau, the average travel time to work in Philadelphia is 27.4 minutes. Suppose a business researcher wants to estimate the

According to the U.S. Census Bureau, the average travel time to work in Philadelphia is 27.4 minutes. Suppose a business researcher wants to estimate the average travel time to work in Cleveland using a 95% level of confidence. A random sample of 45 Cleveland commuters is taken and the travel time to work is obtained from each.

The data follow. Assuming a population standard deviation of 5.124, compute a 95% confidence interval on the data. What is the point estimate and what is the error of the interval? Explain what these results means in terms of Philadelphiacommuters.

27 25 19 2 24 27 29 34 18 29 16 28 20 32 27 28 22 20 14 15 29 28 29 33 16 29 28 28 27 23 27 20 27 25 21 18 26 14 23 27 27 2 25 28 30

Step by Step Solution

★★★★★

3.40 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

95 confidence inte... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

409-M-S-O-T-P (467).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

A business researcher wants to compare her observed distribution of frequency data to an expected distribution of data using the chi-square goodness-of-fit test. The data are given below. The...

The U.S. Census Bureau compiles data on the U.S. population by region and race and publishes its findings in Current Population Reports. Independent simple random samples of residents in the four...

According to the 2010 U.S. Census Bureau Current Population Survey (www.census.gov/population/www/socdemo/hh-fam/cps2010.html), the average number of people in family households which contain both...

According to the U.S. Census Bureau, the average travel time to work in Philadelphia is 27.4 minutes. Suppose a business researcher wants to estimate the average travel time to work in Cleveland...

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

please fill in the excel sheet using information provided in the text U.S. population. According to the U.S. Census Bureau, in 2006 baby boomers represented 26% of the populace. In Let's Go Acro...

CHAPTER 3 The Changing Environment of Management: Diversity, Global Economy, and Technology 1. T F Company loyalty is said to rank low on generation Y's list of what is important in life. Ans: True...

CASE STUDY 2: PUBLIX VS KROGER Instructions: 1. Read the article, below, then complete the following: a. Brief write-up of Publix and Kroger. b. Do a SWOT Analysis of Publix. c. Analyze Kroger's...

Howard county Meryland Comprehensive Annual Financial Report for the Fiscal Year Ended June 30, 2012 1-Does the government have revenue bonds outstanding that are related to business-type activities?...

Write a paper about risk assessment. The sub-topics are: 1. Risk identification 2. Risk analysis

A fish finder uses a sonar device that sends 20,000Hz sound pulses downward from the bottom of the boat, and then detects echoes. If the maximum depth for which it is designed to work is 200m, what...

What is a stock exchange and what are its main functions?

All of the following are types of early termination except: a. termination for default b. termination for completion c. termination by mutual consent d. termination for convenience

A manufacturer of detergent claims that the contents of boxes sold weigh on average at least 16 ounces. The distribution of weight is known to be normal, with a standard deviation of 0.4 ounce. A...

The average price per gallon of gasoline in major U.S. cities for each month during a three-year period are shown in the following table: (a) Using exponential smoothing with a = 0.45, what is the...

What are some reasons why Virginia's IT problems can be considered the result of poor state oversight of Northrop Grumman? What are some reasons, if any, why the state might not be overseeing...

only need case 2 table (bottlm table), thanks! Manitowoe Crane (B). Manitowoc Crane (U.S.) exports heavy crane equipment to several Chinese dock facilfies. Sales are currently to, 0oo units per year...

Problems A property owner is evaluating the following alternatives for leasing space in his office building for the next five years: Net lease with steps. Rent will be $ 1 5 per square foot the first...

The marketing team wants to understand our vendors a bit better. Their questions are: a) Is there any order imbalance per vendor in each market? b) Could we identify some relevant segments of...