Mathematics, 15.04.2020 15:49 grantjaylynn

A random sample of 45 door-to-door salespersons were asked how long on average they were able to talk to the potential customer. Their answers revealed a mean of 8.5 minutes with a variance of 9 minutes. Which Excel statements will construct a 95% confidence interval for the time it takes a salesperson to talk to a potential customer.

a.
=8.5+1.969/SQRT(45), and =8.5-1.969/SQRT(45)

b.
=8.5+1.963/SQRT(45), and =8.5-1.963/SQRT(45)

c.
=45+1.963/SQRT(9), and =45-1.963/SQRT(9)

d.
=45+0.953/SQRT(9), and =45-0.953/SQRT(9)

e.
None of the above.

A random sample of 45 door-to-door salespersons were asked how long on average they were able to talk to the potential customer. Their answers revealed a mean of 8.5 minutes with a variance of 9 minutes. What is the point estimate for the average conversation length?

a.
45 salespersons

b.
9 minutes

c.
8.5 minutes

d.
5 minutes

e.
None of the above.

Answers: 1

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