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Author Question: A major department store chain is interested in estimating the mean amount its credit card customers ... (Read 98 times)

bobbysung

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on: Jun 24, 2018
A major department store chain is interested in estimating the mean amount its credit card customers spent on their first visit to the chain's new store in the mall. Fifteen credit card accounts were randomly sampled and analyzed with the following results: X = 50.50 and S = 20. Construct a 95 confidence interval for the mean amount its credit card customers spent on their first visit to the chain's new store in the mall assuming that the amount spent follows a normal distribution.
 
  A) 50.50  11.00 B) 50.50  10.12 C) 50.50  11.08 D) 50.50  9.09

Question 2

The amount of time necessary for assembly line workers to complete a product is a normal variable with a mean of 15 minutes and a standard deviation of 2 minutes. So, 15 of the products require more than ________ minutes for assembly.
 
  Fill in the blank(s) with correct word


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Eazy416

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

17.0729 using Excel or 17.08


bobbysung

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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