Question: 3. (a) We measure the diameters for a random sample of 25 oak trees in a neighbourhood. Diameters of oak trees in the neighbourhood follow

 3. (a) We measure the diameters for a random sample of

25 oak trees in a neighbourhood. Diameters of oak trees in the

3. (a) We measure the diameters for a random sample of 25 oak trees in a neighbourhood. Diameters of oak trees in the neighbourhood follow a normal distribution with standard deviation 8.25 cm. A confidence interval for the true mean diameter of all oak trees in the neighbourhood is calculated to be (36.191, 42.969). What is the confidence level of this interval? (b) We measure the service times for random sample of 36 customers at a bank. The standard deviation of service times for all customers is known to be 2.4 minutes. A confidence interval for the true mean service time is calculated to be (3.516, 5.084). What is the confidence level of this interval

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!