Question

In: Statistics and Probability

The Buffalo, New York, Chamber of Commerce wants to estimate the mean time workers who are...

The Buffalo, New York, Chamber of Commerce wants to estimate the mean time workers who are employed in the downtown area spend getting to work. A sample of 15 workers reveals the following number of minutes spent traveling.

14 24 24 19 24 7 31 20 26 23 23 28 16 15 21

Click here for the Excel Data File

Develop a 98% confidence interval for the population mean. (Round your answers to 2 decimal places.)

Solutions

Expert Solution

The 98% confidence interval for teh data will be calculated using the formula:

, where is the criticl value of t at 98% n is the number of observations and s is the standard deviation of the data and is the mean of the data. We shall calculate mean by using the formula

and

We need to square the individual observation and add them to find the values. We use the following table for this.

Time X^2
14 196
24 576
24 576
19 361
24 576
7 49
31 961
20 400
26 676
23 529
23 529
28 784
16 256
15 225
21 441
Total 315 7135

Hence the

  

  

The 98% confidence interval for the population mean=(16.87,25.13).


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