MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A candle company wishes to estimate the time it
takes their candles to completely burn. They choose
18 candles at random from their latest production
run and measure how long each takes to burn. The
average time of this sample is 264 minutes and the
standard deviation of this sample is 29 minutes. If
the company uses a 99% confidence interval to
measure the average burn time of all candles in this
production run, what will their margin of error be?
Round your answer to three decimal places.
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Transcribed Image Text:A candle company wishes to estimate the time it takes their candles to completely burn. They choose 18 candles at random from their latest production run and measure how long each takes to burn. The average time of this sample is 264 minutes and the standard deviation of this sample is 29 minutes. If the company uses a 99% confidence interval to measure the average burn time of all candles in this production run, what will their margin of error be? Round your answer to three decimal places.
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