A Company Is Interested in Estimating μ,The Mean Number of Days

question 133

Short Answer

A company is interested in estimating μ,the mean number of days of sick leave taken by its employees.Their statistician randomly selects 100 personnel files and notes the number of sick days taken by each employee.The sample mean is 12.2 days,and the sample standard deviation is 10 days.Calculate a 95 percent confidence interval for μ,the mean number of days of sick leave.

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Definitions:

Real Time

Data processing or communication that happens instantly or with negligible latency, allowing for immediate response or interaction.

Customizable

Customizable refers to the ability of a product or service to be modified or tailored according to the specific needs or preferences of a customer.

Upstream Activities

Operations or processes in an industry that occur closer to the source of raw materials or the beginning of the production line, such as exploration and extraction in the oil industry.

Sourcing

The process involved in finding, evaluating, and engaging suppliers of goods and services.