Question 1
Paper 1Medium6 marksA parcel-delivery company defines its daily forecast error as
A random sample of 16 independent days has a mean forecast error of 18.4 parcels and a sample standard deviation of 12.0 parcels. The daily forecast errors may be modelled by a normal population, whose standard deviation is unknown.
State which distribution should be used to construct a confidence interval for the population mean forecast error,
Calculate a 95% confidence interval for Give both endpoints to one decimal place.
The planning director claims that the forecasts are unbiased, so that Use your interval to comment on this claim and state the direction of any bias indicated.