Confidence interval for population mean level of spending


In an examination of holiday spending (known to be normally distributed) of a sample of 16 holiday shoppers at a local mall, an average of $54 was spent per hour of shopping. Based on the current sample, the standard deviation is equal to $21. Find a 90% confidence interval for the population mean level of spending per hour.

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Basic Statistics: Confidence interval for population mean level of spending
Reference No:- TGS0740136

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