92857

85586

59465

77539

67998

74276

85288

25066

74425

39323

77098

79294

67202

59817

37831

59902

64090

88798

32464

40001

64544

82256

89341

35662

89641

85861

53402

66998

65605

77437

63436

85092

64342

73341

61978

53500

86813

94219

95774 101769

69568

32534

72069

32609

69922 116269 116803 118444 121352 138114

Use appropriate descriptive stats to summarise the transmission failure data. Develop a 95% confidence level interval. for the mean no. of miles driven until transmission failure for the population of automobiles with transmission failures. Provide managerial interpretation of the interval estimate. How many repair records should be sampled If the research firm wants the population mean no. of miles driven until transmission failure to be estimated with the margin of error of 5000 miles? with 95% confidence What other info would you like to gather to evaluate the transmission failure problem more fully?

Metropolitan Research Inc, a consumer research organisation conducted a research to evaluate a wide variety of products and services available to consumers. In one particular study Metropolitan looked at consumer satisfaction with the performance of automobiles produced by the major Detroit manufacturers. A questionnaire sent to owners of one of the manufacturers of full size cars revealed several complaints about early transmission problems. To learn more about the transmission failures Metropolitan used a sample of actual transmission repairs provided by a transmission repair firm, in the Detroit area.

Sample size(n) =50 Mean =73340.3 miles Variance =607547093.8 Sample Standard deviation =24898.715 Co-efficient of variance = 33.6% Maximum value=138114 miles Minimum value=25066 miles Range=max-min=113048

FREQUENCY DISTRIBUTION
16

14

12

10

0 25066 36370.8 36371 47675.8 47676 58980.8 58981 70285.8 70286 81590.8 81591 92895.8 92896 104200.8 104201 115505.8 115506 126810.8 126811 138115.8

sample size(n)=50 Sample mean =73340.3 Sample standard deviation=24898.715 Standard error of mean= 3521.21 Z=1.96 To estimate interval x x73340.3(1.96)(3521.21) the interval is between 66438.72and 80241.87

It is found that the mean number of transmission failures lies between 66438 and 80241. Since the early transmission failures are very minimal, we can say that transmission failures are quite normal. We suggest that customers who have early transmission failures be extended out-ofwarranty-compensation those who stick to the companys regular service schedule.

Error = 5000 miles Z x- =2500 For 95% confident interval z=1.96 Z /n = 2500 n = (1.96 * 24898.715 /2500)2 n = 381 Sample size = 381

THANK YOU