Math 221 week 5 homework - Study guides, Class notes & Summaries

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MATH 221 Week 5 Homework; Statistics for Decision-Making
  • MATH 221 Week 5 Homework; Statistics for Decision-Making

  • Other • 16 pages • 2021
  • 1. Question:From a random sample of 58 businesses, it is found that the mean time the owner spends on administrative issues each week is 20.53 with a population standard deviation of 3.54. What is the 95% confidence interval for the amount of time spent on administrative issues? 2. Question:If a confidence interval is given from 43.83 up to 61.97 and the mean is known to be 52.90, what is the margin of error? 3. Question:If a grocery store purchases paper bags from a company, they want them ge...
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