In a study of the paperwork required to file for a product patent, the US Patent Office selected a random sample of 1500 applicants who applied for a patent during the past five years.The study found the average time applicants in the sample took to fill out the required forms was 28.4 hours, with a sample standard deviation of 5.7 hours.If there were 40,000 patent applications during this five-year period, show the 95% confidence interval for the TOTAL hours taken filling out forms for the population of applicants over the five-year period.Report the upper bound for your interval.
A)3.95 million hours
B)2.76 million hours
C)1.14 million hours
D)0.83 million hours
E)4.84 million hours

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The Answer of In a study of the paperwork required to file for a product patent, the US Patent Office selected a random sample of 1500 applicants who applied for a patent during the past five years.The study found the average time applicants in the sample took to fill out the required forms was 28.4 hours, with a sample standard deviation of 5.7 hours.If there were 40,000 patent applications during this five-year period, show the 95% confidence interval for the TOTAL hours taken filling out forms for the population of applicants over the five-year period.Report the upper bound for your interval.
A)3.95 million hours
B)2.76 million hours
C)1.14 million hours
D)0.83 million hours
E)4.84 million hours

In a Study of the Paperwork Required to File for a Product