Question

In: Statistics and Probability

The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the...

The manager of The Cheesecake Factory in Boston reports that on six randomly selected weekdays, the number of customers served was 120, 130, 100, 205, 185, and 220. She believes that the number of customers served on weekdays follows a normal distribution.

Construct the lower bound of the 90% confidence interval for the average number of customers served on weekdays. (Round the sample standard deviation to 2 decimal places, the "t" value to 3 decimal places, and the final answer to 2 decimal places.)

Solutions

Expert Solution

Solution:

x x2
120 14400
130 16900
100 10000
205 42025
185 34225
220 48400
--- ---
∑x=960 ∑x2=165950



Mean ˉx=∑xn

=120+130+100+205+185+220/6

=960/6

=160

The sample standard is S

  S =( x2 ) - (( x)2 / n ) n -1
=165950-(960)265

=165950-1536005

=123505

=√2470

=49.699

Degrees of freedom = df = n - 1 = 6 - 1 = 5

At 90% confidence level the z is ,

= 1 - 90% = 1 - 0.90 = 0.10

/ 2 = 0.10 / 2 = 0.05

t /2,df = t0.05,5 = 2.015

Margin of error = E = t/2,df * (s /n)

= 2.015* (49.70 / 6)

=40.88

Margin of error =40.88

The 99% confidence interval estimate of the population mean is,

- E < < + E

160- 40.88 < < 160 + 40.88

119.11 < < 200.88

(119.11, 200.88)


Related Solutions

Student's t Distribution CI The manager of The Cheesecake Factory in Boston would like to know...
Student's t Distribution CI The manager of The Cheesecake Factory in Boston would like to know the mean number of customers served on weekdays. She believes that the number of customers served follows a Normal distribution. She reports that on six randomly selected weekdays an average of 158.3 customers were served with a sample standard deviation of 52.2. a. Calculate the standard error of the sample mean. b Find the t-critical value for a 99% confidence interval with a sample...
A hair salon in Cambridge, Massachusetts, reports that on seven randomly selected weekdays, the number of...
A hair salon in Cambridge, Massachusetts, reports that on seven randomly selected weekdays, the number of customers who visited the salon were 41, 64, 43, 28, 54, 44, and 56. It can be assumed that weekday customer visits follow a normal distribution. [You may find it useful to reference the t table.] a. Construct the 90% confidence interval for the average number of customers who visit the salon on weekdays. (Round intermediate calculations to at least 4 decimal places, "sample...
A hair salon reports that on seven randomly selected weekdays, the number of customers who visited...
A hair salon reports that on seven randomly selected weekdays, the number of customers who visited the salon were 78,31,42,43,51,32,and 31. It can be assumed that weekday customer visit follow a normal distribution. a) construct the 90% confidence interval for the average number of customers who visit the salon on weekdays ( round intermediate calculations to at least 4 decimal places. Sample mean and sample standard deviation to 2 decimal places and t value to 3 decimals and final answer...
A hair salon reports that on seven randomly selected weekdays, the number of customers who visited...
A hair salon reports that on seven randomly selected weekdays, the number of customers who visited the salon were 35, 30, 28, 12, 36, 16 and 50. The population standard deviation is not given to us. Construct a 90% confidence interval for the average number of customers who visit the salon on weekdays. Interpret this. Now we have been told that we can use a normal distribution with a population standard deviation of 6. Construct a 95% confidence interval for...
A boxcar contains six complex electronic systems. Two of the six areto be randomly selected for...
A boxcar contains six complex electronic systems. Two of the six areto be randomly selected for thorough testing and then classified as defective or not defective. (a) Describe the sample spaceSof this experiment and give its cardinality (b) Explain why this is an equally likely experiment (c) If two of the six systems are actually defective, find: (i) the probability that at least one of the two systems tested will be defective (ii) the probability that both are defective. Note:Please...
In a cereal box filling factory a randomly selected sample of 16 boxes have an average...
In a cereal box filling factory a randomly selected sample of 16 boxes have an average weight of 470 g with a standard deviation of 15g. The weights are normally distributed. Compute the 90% confidence interval for the weight of a randomly selected box. [I think I can compute the confidence interval but I'm being thrown off by the "randomly-selected box" requirement].
Need: A listing of the cheesecake factory (CAKE) trends and changes in sales, earnings and stock...
Need: A listing of the cheesecake factory (CAKE) trends and changes in sales, earnings and stock performance, and changes in reputation and image.
The Excel file Salary reports the monthly salaries for 93 randomly and independently selected employees of...
The Excel file Salary reports the monthly salaries for 93 randomly and independently selected employees of a bank; there are 32 salaries of male employees and 61 salaries of female employees.   Let um = the mean monthly salary for all male bank employees, and uf = the mean monthly salary for all female bank employees. Your objective is to find some evidence of um > uf, that is, the female employees are discriminated against. Provide descriptive statistical summaries of the...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the...
A statistical analyst for the Wall Street Journal randomly selected six companies and recorded both the price per share of stock on January 1, 2009 and on April 30, 2009. The results are presented below. Suppose the analyst wished to see if the average price per share of stock on April 30, 2009 is less than the average price per share of stock on January 1, 2009 at α=.025. Apr. 30, 2009   33   27   32   25   35   34 Jan. 1,...
Suppose that a delivery truck, while on its route on six randomly selected days, made an...
Suppose that a delivery truck, while on its route on six randomly selected days, made an average of 14 deliveries per day with a standard deviation of 2 deliveries. A second delivery truck, while on another route on seven randomly selected days, made an average of 12 deliveries per day with a standard deviation of 4 deliveries. Can we assert at the level of signifcance a=0.05 that the first delivery truck on its route makes a larger number of deliveries...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT