Question

In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loaders were idie in 8 of the 50 observations. a. What is the estimated percentage of idle time? (Round your answer to 2 decimal places.)

estimate the actual percentage of idle time________

Answer 1

The estimated percentage of idle time for the air-express cargo loaders is calculated using the number of idle observations over the total observations multiplied by 100, resulting in 16.00% after rounding to two decimal places.

Step-by-step explanation:

To calculate the estimated percentage of idle time, you would use the following formula:

Percentage of Idle Time = (Number of Idle Observations / Total Observations) × 100%

Substituting the given values:

Percentage of Idle Time = (8 / 50) × 100% = 16%

After rounding to two decimal places, the estimated percentage of idle time is 16.00%.