95% Confidence Interval
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Find the 95% confidence interval for the average time spent waiting for a prescription to be filled at Rex's Rx Center if a random sample of 64 customers showed an average waiting time of 12.3 minutes with a standard deviation of 5.0 minutes.
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Solution Summary
Find the 95% confidence interval for the average time spent waiting for a prescription to be filled at Rex's Rx Center if a random sample of 64 customers showed an average waiting time of 12.3 minutes with a standard deviation of 5.0 minutes.
Please show all work and give a detailed explanation of answer. Thank you.
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N=64
M=12.3
SD=5.0
Then standard error = SD/SQRT(N)= 5/SQRT(64)=0.625
For 95% ...
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