Math Problem Statement

  1. A marketing team wants to estimate the average customer satisfaction score for a new product. A random sample of 20 customers is selected, and their satisfaction scores (on an increasing satisfaction scale of 1 to 10) are recorded as follows: 8, 7, 9, 6, 8, 7, 6, 9, 10, 8, 7, 6, 9, 8, 7, 8, 9, 6, 8, 7 Assuming the satisfaction scores are normally distributed, calculate the 90% confidence interval for the average customer satisfaction score for the new product. Please show all the necessary following steps and provide your answer with the appropriate interpretation. a) Calculate the sample mean and sample standard deviation. [5 marks]

b) Determine the critical value (t-value) for a 90% confidence level

Solution

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Math Problem Analysis

Mathematical Concepts

Statistics
Confidence Intervals
T-Distribution

Formulas

Sample Mean
Sample Standard Deviation
T-Distribution for Confidence Intervals

Theorems

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Suitable Grade Level

Advanced Undergraduate