[Solved] A manufacturing company is trying to determine the average assembly time for one of their products. A random sample of 36 employees is selected
Question: A manufacturing company is trying to determine the average assembly time for one of their products. A random sample of 36 employees is selected and their average time is 26.9 minutes. Assume = 3 minutes.
- Construct a 95% confidence interval and explain what the interval means in terms of assembly time.
- What does the 5% mean?
- How is the confidence interval affected if a 90% level of confidence is used instead?
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