Math Problem Statement
The logistics company mentioned earlier has been collecting data on the delivery times for a specific route. A sample of 500 delivery times was taken, and the sample mean was found to be 90 minutes, with a sample standard deviation of 15 minutes. Assume that the delivery times are normally distributed. A-)Calculate a 95% Confidence Interval for the Mean Delivery Time. answer this with standard normal didtribution table
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Normal Distribution
Formulas
CI = X̄ ± Zα/2 * (s / √n)
Standard Error (SE) = s / √n
Theorems
Central Limit Theorem
Suitable Grade Level
College Level Statistics or Advanced High School
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