Mathematics, 14.10.2019 17:30 edjiejwi
Alakefront resort is planning for its summer busy season. it wishes to estimate with 95% confidence the average number of nights each guest will stay for a consecutive visit. using a sample of guests who stayed last year, the average number of nights per guest is calculated at 5 nights. the standard deviation of the sample is 1.5 nights. the size of the sample used is 120 guests and the resort desires a precision of plus or minus .5 nights. what is the standard error of the mean in the lakefront resort example? within what range below can the resort expect with 95% confidence for the true population means to fall? show the calculation; otherwise, the answer will not be accepted.
Answers: 3
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Alakefront resort is planning for its summer busy season. it wishes to estimate with 95% confidence...
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