Conference Rooms Rented a Hotel Chain Wants to Estimate the Average Number

question 89

Short Answer

Conference Rooms Rented
A hotel chain wants to estimate the average number of conference rooms rented daily in each month.The population of conference rooms rented daily is assumed to be normally distributed for each with a standard deviation of 24 rooms. ​ ​
-{Conference Rooms Rented Narrative} During January,a sample of 16 days has a sample mean of 48 rooms.This information is used to calculate an interval estimate for the population mean to be from 40 to 56 rooms.What is the level of confidence of this interval?

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Definitions:

Intuitive Judgment

The ability to understand or know something without the need for conscious reasoning or direct evidence.

Bias

A tendency to favor or lean towards a particular perspective, judgment, or result over others, often in a way considered to be unfair.

Intuitive Judgments

Decisions or assessments made based on gut feelings or instincts rather than analytical reasoning or explicit reasoning.

Arbitrary

Based on random choice or personal whim, rather than any reason or system.