In: Math
The customer expectation when phoning a customer service line is that the average amount of time from completion of dialing until they hear the message indicating the time in queue is equal to 55.0 seconds (less than a minute was the response from customers surveyed, so the standard was established at 10% less than a minute).
You decide to randomly sample at 20 times from 11:30am until 9:30pm on 2 days to determine what the actual average is. The actual data was as follows:
54.1, 53.3, 56.1, 55.7, 54.0, 54.1, 54.5, 57.1, 55.2, 53.8,54.1, 54.1, 56.1, 55.0, 55.9, 56.0 ,54.9, 54.3, 53.9, 55.0
What is a 95% confidence interval for the true mean call completion time?
What is the 95% confidence interval on the standard deviation
The customer expectation when phoning a customer service line is that the average amount of time from completion of dialing until they hear the message indicating the time in queue is equal to 55.0 seconds (less than a minute was the response from customers surveyed, so the standard was established at 10% less than a minute).
You decide to randomly sample at 20 times from 11:30am until 9:30pm on 2 days to determine what the actual average is. The actual data was as follows:
54.1, 53.3, 56.1, 55.7, 54.0, 54.1, 54.5, 57.1, 55.2, 53.8,54.1, 54.1, 56.1, 55.0, 55.9, 56.0 ,54.9, 54.3, 53.9, 55.0
What is a 95% confidence interval for the true mean call completion time?
What is the 95% confidence interval on the standard deviation
95% Confidence interval for the true mean call completion times:
From the data (calculations are given in the end): = 54.86, s = 1.0081, n = 20
Since population standard deviation is unknown, the tcritical (2 tail) for = 0.05, for df = n -1 = 19, is 2.093
The Confidence Interval is given by ME, where
The Lower Limit = 54.86 - 0.472 = 54.388
The Upper Limit = 54.86 + 0.472 = 55.332
The 95% Confidence Interval is (54.388 , 55.332)
If Required to 2 decimals the CI will be (54.39, 55.33)
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The 95% CI for Standard Deviation:
s = 1.0081, s2 = (1.0081)2, n = 20, and degrees of freedom = n - 1 = 19. = 0.05
We find critical values for /2 = 0.025 and 1- /2 = 1 – 0.025 = 0.975
The lower critical value = 32.852 and the upper critical critical value = 8.907
The confidence interval is given by:
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Calculation for the mean and standard deviation:
Mean = Sum of observation / Total Observations
Standard deviation = SQRT(Variance)
Variance = Sum Of Squares (SS) / n - 1, where SS = SUM(X - Mean)2.
# | X | Mean | (x - mean)2 |
1 | 54.1 | 54.86 | 0.5776 |
2 | 53.3 | 54.86 | 2.4336 |
3 | 56.1 | 54.86 | 1.5376 |
4 | 55.7 | 54.86 | 0.7056 |
5 | 54 | 54.86 | 0.7396 |
6 | 54.1 | 54.86 | 0.5776 |
7 | 54.5 | 54.86 | 0.1296 |
8 | 57.1 | 54.86 | 5.0176 |
9 | 55.2 | 54.86 | 0.1156 |
10 | 53.8 | 54.86 | 1.1236 |
11 | 54.1 | 54.86 | 0.5776 |
12 | 54.1 | 54.86 | 0.5776 |
13 | 56.1 | 54.86 | 1.5376 |
14 | 55 | 54.86 | 0.0196 |
15 | 55.9 | 54.86 | 1.0816 |
16 | 56 | 54.86 | 1.2996 |
17 | 54.9 | 54.86 | 0.0016 |
18 | 54.3 | 54.86 | 0.3136 |
19 | 53.9 | 54.86 | 0.9216 |
20 | 55 | 54.86 | 0.0196 |
n | 20 |
Sum | 1097.2 |
Average | 54.86 |
SS(Sum of squares) | 19.308 |
Variance = SS/n-1 | 1.016 |
Std Dev=Sqrt(Variance) | 1.0081 |