Confidence interval for the mean daily income


Hoping to lure more shoppers downton, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. During a 2-month period (44 weekdays), daily fees collected averaged $126 , with a standard deviation of $15.

Find a 90% confidence interval for the mean daily income the parking garage will generate.

A) (122.28 , 129.72)

B) (122.20 , 129.80)

C) (123.05 , 128.95)

D) (121.57 , 130.43)

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Basic Statistics: Confidence interval for the mean daily income
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