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Question: An information technology (IT) consulting firm specializing in healthcare solutions wants to study communication deficiencies in the health care industry. A random sample of 70 health care clinicians reveals a mean time wasted in a day due to outdated communication technologies is 45 minutes with a standard deviation of 10 minutes.

Construct a 99% confidence interval estimate for the population mean time wasted in a day due to outdated communication technologies. What is the margin of error?

Answers should be accurate up to 4 decimal places.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93118114

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