Efficiency experts study the processes used to manufacture items in order to make them as efficient as possible. One of the steps used to manufacture a metal clamp involves the drilling of three holes. In a sample of 100 clamps, the mean time to complete this step was 54.6 seconds. Assume that the population standard deviation is = 11 seconds. Construct a 98% confidence interval for the mean time needed to complete this step. Round the critical value to no less than three decimal places.

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Answer:

The 98% confidence interval for the mean time needed to complete this step is between 52.0403 seconds and 57.1597 seconds

Step-by-step explanation:

We have that to find our [tex]\alpha[/tex] level, that is the subtraction of 1 by the confidence interval divided by 2. So:

[tex]\alpha = \frac{1-0.98}{2} = 0.01[/tex]

Now, we have to find z in the Ztable as such z has a pvalue of [tex]1-\alpha[/tex].

So it is z with a pvalue of [tex]1-0.01 = 0.99[/tex], so [tex]z = 2.327[/tex]

Now, find the margin of error M as such

[tex]M = z*\frac{\sigma}{\sqrt{n}}[/tex]

In which [tex]\sigma[/tex] is the standard deviation of the population and n is the size of the sample.

[tex]M = 2.327\frac{11}{\sqrt{100}} = 2.5597[/tex]

The lower end of the interval is the sample mean subtracted by M. So it is 54.6 - 2.5597 = 52.0403 seconds

The upper end of the interval is the sample mean added to M. So it is 54.6 + 2.5597 = 57.1597 seconds

The 98% confidence interval for the mean time needed to complete this step is between 52.0403 seconds and 57.1597 seconds