A study of the career paths of hotel general managers sent questionnaires to an

Question

A study of the career paths of hotel general managers sent questionnaires to an SRS of 140 hotels belonging to major U.S. hotel chains. There were 120 responses. The average time these 120 general managers had spent with their current company was 11.5 years. Give a 99% confidence interval for the mean number of years general managers of major-chain hotels have spent with their current company. (Take it as known that the standard deviation of time with the company for all general managers is 3.5 years.) 0.7810.933

Explanation / Answer

solution:-

given that

99% confidence interval

= x +/- z * ( / n )

= 11.5 +/- 2.576 (3.5 / 120)

= 11.5 +/- 0.823

= (10.677 , 12.323)

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