Nathan buys 8 bottles of iced tea at the grocery store. He has coupons for $0.35 off the regular price of each bottle. After usi
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Answer:
a)
b)
c)
Step-by-step explanation:
Assuming the following question: Because of staffing decisions, managers of the Gibson-Marimont Hotel are interested in the variability in the number of rooms occupied per day during a particular season of the year. A sample of 20 days of operation shows a sample mean of 290 rooms occupied per day and a sample standard deviation of 30 rooms
Part a
For this case the best point of estimate for the population variance would be:
Part b
The confidence interval for the population variance is given by the following formula:
The degrees of freedom are given by:
Since the Confidence is 0.90 or 90%, the significance and
, the critical values for this case are:
And replacing into the formula for the interval we got:
Part c
Now we just take square root on both sides of the interval and we got: