You Are Interested in Determining the Amount of Time (In

question 103

Essay

You are interested in determining the amount of time (in minutes)you spend each day on the Internet.For seven days,these values are: 51,24,16,88,63,28,and 59.Assume that the amount of time you spend on the Internet each day is normally distributed,and develop a 90% confidence interval for the population average amount of time.

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Definitions:

Express Authority

The authority of the agent as actually stated by the principal.

Implied Authority

When the authority of the agent is implied from surrounding circumstances, such as the position or title given (by the principal) to the agent.

Ratify

To officially approve or confirm actions, agreements, or treaties through a formal consent, typically by voting or signing.

Warranty

A guarantee provided by a seller regarding the condition of a product and the promise of repair or replacement if necessary.