Confidence interval for weekly average expenditure


Based upon survey of 1,000 adults by Greenfield Online and resported in May 2009 USA Today Snapshot, adults 24 years of age and under spend weekly average of $35 on fast food. If 200 of adults surveyed were in age catetory of 24 and under as well as they provided a standard deviation of $14.50, develop a 95% confidence interval for weekly average expenditure on fast food for adults 24 years of age and under. Suppose fast food weekly expenditures are normally distributed.

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Basic Statistics: Confidence interval for weekly average expenditure
Reference No:- TGS0860226

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