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6.4.23-T Question Help The waiting times in m es of a random sample of 22 people bank have a sample standard deviation of 31
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Given that n=22

s=3.1

confidence level=0.99

alpha=1-0.99=0.01

alpha/2=0.005

critical chi square values:

CHIINV(0.005,21)=41.401

CHIINV(0.995,21)=8.034

99% Confidence interval for population variance:

lower limit=(22-1)*3.1^2/41.401=4.9

upper limit=(22-1)*3.1^2/8.034=25.1

99% Confidence interval for population standard deviation:

lower limit=sqrt((22-1)*3.1^2/41.401)=2.2

upper limit=sqrt((22-1)*3.1^2/8.034)=5.0

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