A study conducted by Harvard Business School recorded the amount of time CEOs devoted to various activities during the workweek. Meetings were the single largest activity averaging 18 hours per week. Assume that the standard deviation for the time spent in meetings is 5.2 hours. To confirm these results, a random sample of 35 CEOs was selected. This sample averaged 16.8 hours per week in meetings. Which of the following statements is correct?
A) The interval that contains 95% of the sample means is 15.7 and 20.3 hours. Because the sample mean is between these two values, we have support for the results of the CEO study by the Harvard Business School.
B) The interval that contains 95% of the sample means is 17.1 and 18.9 hours. Because the sample mean is not between these two values, we do not have support for the results of the CEO study by the Harvard Business School.
C) The interval that contains 95% of the sample means is 16.3 and 19.7 hours. Because the sample mean is between these two values, we have support for the results of the CEO study by the Harvard Business School.
D) The interval that contains 95% of the sample means is 15.7 and 20.3 hours. Because the sample mean is between these two values, we do not have support for the results of the CEO study by the Harvard Business School.
Correct Answer:
Verified
Q9: A study conducted by UCLA's Cooperative Institutional
Q10: A Florida neighborhood is comprised of 250
Q11: A recent study reported that 73% of
Q12: MFP Research reported that average apartment rent
Q13: A recent survey conducted by the Country
Q15: Susan would like to conduct a survey
Q16: Deanna has been hired to visit the
Q17: Susan would like to conduct a survey
Q18: The Fortune 500 is comprised of Fortune
Q19: The Wall Street Journal reported that a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents