week 4 individual.docx - THE PAYMENT TIME CASE 1 The...

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THE PAYMENT TIME CASE1The Payment Time CaseMatthew RomeroQNT: 5617/29/2018Jonathan Edelman
THE PAYMENT TIME CASE2The Payment Time CaseA statistical analysis can be used more than one way when relating to how reliable and accurate a new system can be to a company. By this data can help a company save a lot of moneyand allow the company to stay ahead for the future. In this essay, a consulting firm has come with new electronic billing system for the trucking company in Stockton. This new system will allow to send invoices to every customer and will check and correct all the mistakes. This new system is theorized to help save on time on customers to make payments 95% Confidence Interval EstimateTo calculate a 95% confidence interval estimate, there are steps which we need to take in order to completed this calculation. There are 3 data calculation we would need to get which are the Mean, the Standard Deviation and the Sample size. The Standard Deviation was provided for

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