Company X set up a two-month trial phase to assess the bus line's profitability (44 weekdays). The
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Company X set up a two-month trial phase to assess the bus line's profitability (44 weekdays). The average daily fees received throughout this experiment are kr 12,640, with a kr 1,500 standard deviation. Assume you are a consultant giving Company X advice on this project. Company X wants to know whether they should keep providing the express bus service based on the outcomes of the test.
What is the 90% confidence interval for the mean daily income this bus line will generate? What presumptions are necessary for the confidence interval in this section to be true?
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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