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3 years ago

15

Interpret the coefficient PayDay, 96.68. If you were part of the analytics team at Caesars, how would you explain this coefficie

nt to the operations team (hotel managers who oversee the front desk work)?

1 answer:

taurus [48]3 years ago

3 0

Answer:

Step-by-step explanation:

solution attached below

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$CI = (0.17 - 0.27)\± 1.65\sqrt{\frac{(0.17)*(0.83) + (0.27)*(0.73)}{200}}$

Step-by-step explanation:

Given

$n = 200$

$x_1 = 34$ -- City C

$x_2 = 54$ --- City K

Required

Determine the 90% confidence interval

This is calculated using:

$CI = \bar x \± z\frac{\sigma}{\sqrt n}$

Calculating $\bar x$

$\bar x = \bar x_1 - \bar x_2$

$\bar x = \frac{x_1}{n} - \frac{x_2}{n}$

$\bar x = \frac{34}{200} - \frac{54}{200}$

$\bar x = 0.17 - 0.27$

For a 90% confidence level, the z-score is 1.65. So:

$z = 1.65$

Calculating the standard deviation $\sigma$

$\sigma = \sqrt{(\bar x_1)*(1 - \bar x_1) + (\bar x_2)*(1 - \bar x_2) }$

So:

$\sigma = \sqrt{(0.17)*(1 - 0.17) + (0.27)*(1 - 0.27) }$

$\sigma = \sqrt{(0.17)*(0.83) + (0.27)*(0.73)}$

So:

$CI = (0.17 - 0.27)\± 1.65\frac{\sqrt{(0.17)*(0.83) + (0.27)*(0.73)}}{\sqrt {200}}$

$CI = (0.17 - 0.27)\± 1.65\sqrt{\frac{(0.17)*(0.83) + (0.27)*(0.73)}{200}}$

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