Assume that the population standard deviation per couple is


A manager would like to estimate the average amount spent by a couple for dinner at his restaurant. A random sample of 30 couples provided a sample mean per couple of $78.25. Assume that the population standard deviation per couple is $22.50. Compute and explain a 95% confidence interval estimate of the population mean.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Assume that the population standard deviation per couple is
Reference No:- TGS02519285

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)