Solution-A:
best point of population mean =sample mean
sample mean=sum of monthly talk time/total values
=123+42+77+97+110+53+88+91+66+117+85+38/
= 987/12
=82.25
Solution-B:
X | mean | X-MEAN | (X-MEAN)^2 |
123 | 82.25 | 40.75 | 1660.563 |
42 | 82.25 | -40.25 | 1620.063 |
77 | 82.25 | -5.25 | 27.5625 |
97 | 82.25 | 14.75 | 217.5625 |
110 | 82.25 | 27.75 | 770.0625 |
53 | 82.25 | -29.25 | 855.5625 |
88 | 82.25 | 5.75 | 33.0625 |
91 | 82.25 | 8.75 | 76.5625 |
66 | 82.25 | -16.25 | 264.0625 |
117 | 82.25 | 34.75 | 1207.563 |
85 | 82.25 | 2.75 | 7.5625 |
38 | 82.25 | -44.25 | 1958.063 |
TOTAL | 8698.25 |
Standard deviation
s=
s=sqrt(8698.25/12-1)
s=28.12028
95% confidence interval for mean monthly talk time of all employees is
xbar-t*s/sqrt(n),xbar+t*s/sqrt(n)
t crit for 11 df and 0.025 is
=T.INV(0.025,11)=2.20099
so 95% confidence interval for mean monthly talk time is
82.25-2.20099*28.12028/sqrt(12),82.25+2.20099*28.12028/sqrt(12),
64.38319, 100.1168
95% lower limit for mean monthly talk time=64.38319
95% upper limit for mean monthly talk time=100.1168
Solution-c:
yes its representative as its random sample
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