Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

How to construct a confidence interval in excel

30/11/2021 Client: muhammad11 Deadline: 2 Day

Statistics Excel Program

Instructions
Confidence Interval for the Population Mean
Project Description:
The present study shows data for delivery times of international shipments for a logistics company. The company promotes its international delivery as a service that takes up to 7 days. After receiving multiple complaints that the delivery time is exceeding 7 days, the quality assurance team decided to collect data from a random sample to analyze the delivery times and decide if they should adjust the delivery time the company promises customers with. We will find the average and standard deviation for the delivery times for the random sample of shipments. We will find values from the probability table using excel functions to construct confidence intervals using different confidence levels. We will use the confidence intervals to make a conclusion about the population. We will also analyze the width of the confidence levels. Assume that the distribution of the delivery times is normal and the sample is randomly selected.
Instructions:
Use a cell reference or a single formula where appropriate in order to receive full credit. Do not copy and paste values or type values, as you will not receive full credit for your answers. For the purpose of grading the project, you are required to perform the following tasks:
Step Instructions Points
Possible
1 Start Excel. Download and open the workbook named: 0
Confidence Interval for the Population Mean Start
2 In cell B3, find the average delivery time for the sample of shipments from the Data sheet. 5
3 In cell B4, find the standard deviation of the delivery times for the sample of shipments from the Data sheet. 5
4 In cell B5, find the size of the sample of shipments from the Data sheet. 5
Hint: use the COUNT function.
5 To build the confidence interval for the mean of the delivery times from the Data Sheet, what is the appropriate probability table to use? Choose the correct answer from the dropdown menu in cell B6. 6
6 In cell B7, find the score from the appropriate probability table to construct a 90% confidence interval. 5
Hint: use the T.INV.2T function.
7 In cell B8, find the margin of error at the 90% confidence level. 5
Hint: use the CONFIDENCE.T function.
8 In cell B9, find the upper limit for the mean at the 90% confidence level. 5
9 In cell B10, find the lower limit for the mean at the 90% confidence level. 5
10 Based on the number in cell B9 and B10, we can be 90% confident that: 5
Choose the correct answer from the dropdown menu in cell B11.
11 In cell B12, find the width of the confidence interval at the 90% confidence level. 5
12 In cell B13, find the score from the appropriate probability table to construct a 99% confidence interval. 5
13 In cell B14, find the margin of error at the 99% confidence level. 5
14 In cell B15, find the upper limit for the mean at the 99% confidence level. 5
15 In cell B16, find the lower limit for the mean at the 99% confidence level. 5
16 In cell B17, find the width of the confidence interval at the 99% confidence level. 5
17 By comparing the width of the confidence interval (CI) at 90% and 99%, what can we conclude about the width of the CI? Choose the correct answer from the dropdown menu in cell B18. 6
18 Based on the upper and lower limit values for a 90% confidence level, should the quality assurance team consider recommending that the company should change their promise to customers that they deliver international shipments within 7 days? Choose the correct answer from the dropdown menu in cell B19. 6
19 Based on the upper and lower limit values for a 99% confidence level, should the quality assurance team consider recommending that the company should change their promise to customers that they deliver international shipments within 7 days? Choose the correct answer from the dropdown menu in cell B20. 6
20 What options does the quality assurance team have to reduce their margin of error for the 99% confidence interval? Choose the correct answer from the dropdown menu in cell B21. 6
21 Save your file and submit for grading. 0
Total Score 100
Data
Shipment Time to Deliver (Days)
1 7.0
2 12.0
3 4.0
4 2.0
5 6.0
6 4.0
7 2.0
8 4.0
9 4.0
10 5.0
11 11.0
12 9.0
13 7.0
14 2.0
15 2.0
16 4.0
17 9.0
18 5.0
19 9.0
20 3.0
21 6.0
22 2.0
23 6.0
24 5.0
25 6.0
26 4.0
27 5.0
28 3.0
29 4.0
30 6.0
31 9.0
32 2.0
33 5.0
34 6.0
35 7.0
36 2.0
37 6.0
38 9.0
39 5.0
40 10.0
41 5.0
42 6.0
43 10.0
44 3.0
45 12.0
46 9.0
47 6.0
48 4.0
49 3.0
50 7.0
51 2.0
52 7.0
53 3.0
54 2.0
55 7.0
56 3.0
57 5.0
58 7.0
59 4.0
60 6.0
61 4.0
62 4.0
63 7.0
64 8.0
65 4.0
66 7.0
67 9.0
68 6.0
69 7.0
70 11.0
71 9.0
72 4.0
73 8.0
74 10.0
75 6.0
76 7.0
77 4.0
78 5.0
79 8.0
80 8.0
81 5.0
82 9.0
83 7.0
84 6.0
85 14.0
86 9.0
87 3.0
88 4.0
Questions
Confidence Interval for the Population Mean
Use a cell reference or a single formula where appropriate in order to receive full credit. Do not copy and paste values or type values, as you will not receive full credit for your answers.
1-2. In cell B3, find the average delivery time for the sample of shipments from the Data sheet.
3. In cell B4, find the standard deviation of the delivery times for the sample of shipments from the Data sheet.
4. In cell B5, find the size of the sample of shipments from the Data sheet.
5. To build the confidence interval for the mean of the delivery times from the Data Sheet, what is the appropriate probability table to use?
6. In cell B7, find the score from the appropriate probability table to construct a 90% confidence interval.
7. In cell B8, find the margin of error at the 90% confidence level.
8. In cell B9, find the upper limit for the mean at the 90% confidence level.
9. In cell B10, find the lower limit for the mean at the 90% confidence level.
10. Based on the numbers in cell B9 and B10, we can be 90% confident that
11. In cell B12, find the width of the confidence interval at the 90% confidence level.
12. In cell B13, find the score from the appropriate probability table to construct a 99% confidence interval.
13. In cell B14, find the margin of error at the 99% confidence level.
14. In cell B15, find the upper limit for the mean at the 99% confidence level.
15. In cell B16, find the lower limit for the mean at the 99% confidence level.
16. In cell B17, find the width of the confidence interval at the 99% confidence level.
17. By comparing the width of the confidence interval (CI) at 90% and 99%, what can we conclude about the width of the CI?
18. Based on the upper and lower limit values for a 90% confidence level, should the quality assurance team consider recommending that the company should change their promise to customers that they deliver international shipments within 7 days?
19. Based on the upper and lower limit values for a 99% confidence level, should the quality assurance team consider recommending that the company should change their promise to customers that they deliver international shipments within 7 days?
20. What options does the quality assurance team have to reduce their margin of error for the 99% confidence interval?
Sheet1
As the confidence level increases, the width of the CI increases.
As the confidence level increases, the width of the CI decreases.
The width of the CI does not depend on the confidence level.
Yes, because the interval does not contain 7 days.
Yes, because the interval contains 7 days.
No, because the upper limit of the CI is less than 7 days.
No, because the upper limit of the CI is greater than 7 days.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Engineering Exam Guru
Innovative Writer
Instant Assignment Writer
Maths Master
Quick Mentor
Top Academic Tutor
Writer Writer Name Offer Chat
Engineering Exam Guru

ONLINE

Engineering Exam Guru

I find your project quite stimulating and related to my profession. I can surely contribute you with your project.

$40 Chat With Writer
Innovative Writer

ONLINE

Innovative Writer

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$48 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$18 Chat With Writer
Maths Master

ONLINE

Maths Master

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$37 Chat With Writer
Quick Mentor

ONLINE

Quick Mentor

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$46 Chat With Writer
Top Academic Tutor

ONLINE

Top Academic Tutor

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$16 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

University of sunderland transcript request - 02.11 carousel of progress post test - Final report 7 pages due by 24 hours - Unit 7 Assignment - Freedoms of the air - Church choir code of conduct - Classify these structures as hemiacetal hemiketal acetal ketal or other - How to find void ratio - General Biology - Accounting - Essay - Excel chapter 4 grader project pet supplies - Love song of j alfred prufrock beginning - Review - What determines reliability and creditability for good presentations - William fine method risk assessment - Video Review Assignment 2 - Free fall physics worksheet - Classification and Bargaining - 2008 further maths exam 2 solutions - Teaching mood in literature - Qc levey jennings chart - My brother sam is dead questions - Principles of modern software management - How to describe snow - 1a henstock road arcadia - Maximum voltage in ac circuit - Alkanoic acid general formula - Determination of ka for a weak acid lab answers - How does huck rediscover jim - Explain the trend in atomic radius - Which of the marketing mix is most flexible - The way a rock reflects light is called the rocks - Week 6 Discussion - Assignment 1 bottling company case study - The wedding photographer book pdf - Bhopal gas tragedy case study solution - 65.5 kg in lbs - Is nursing a career or profession - Ar 4s2 3d10 4p4 - Is a key independent variable in positive organizational behavior research - Sar health services switzerland - Macedon regional park map - Can i join unisuper - Define several forms of metadata that can be useful to an investigation. How are valuable to an investigator? - Healthcare Financial Management and Decision Making - Attention getter for breastfeeding speech - Freddie gray mom buys lamborghini - Discussion: Parent Guide WEEK 10 - Why does morrie want to be cremated - Assignment about toles - Gcwc the great canadian wiring company - Martin scorsese and quentin tarantino - Nursing - Ac circuit experiment lab report - Research paper - Stoichiometry of a precipitation reaction labpaq answers - Keeping under god in the pledge - Radio signal papa november - Causes of the stock market crash of 1929 essay - Formula mass of sr no3 2 in amu - Descriptions of wisc v subtests - What type of narrator is nick carraway - Jackson pollock lesson plan - Bill of sale as is no warranty - 12 stages hero's journey - Strategic planning assignment 1 - Chemistry in context answers aquatherm pipe and fittings - Exsum army - +91 9928097710 GirlfRiEnD Vashikaran Specialist Molvi ji in Mumbai - Sam shepard monologues female - Ap macroeconomics unit 1 test - Aacc instructure - Best tv commercial scripts - Bernzomatic st2200t butane micro torch manual - James stirling architecture style - Victoria carpets bourton twist - Souryal refers to acts that violate authority as: - Mitigation Plan Creation - Rochester midland corporation uk - Excel document edit - 5 pages Topic: Analysis of poverty and crime - Speech Development Graphic Organizer - International relations & Zombies - Aalsmeer flower auction perfect competition - Pai lum kung fu - What is affirmation in motivational interviewing - 1 glucose solution is a positive control for - Empire comparing thesis - Psychology movie review assignment - Probability of overlapping events - Java platform micro edition - Composition of functions worksheet - Piercemil instructure - What is the estimated raw materials inventory balance at the end of july? - It can be easier to grasp the importance of the term mise-en-scène if we break it down into its component elements. - Ya salamu ya wakilu - Legal en - Assignment #3 - Briefly respond to all the following questions. Make sure to explain and backup your responses with facts and examples. - Lego's turnaround brick by brick case study