16. Franchise: Candy Store Do you want to own your own candy store? With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below (Source: Entrepreneur Magazine, Vol. 23, No. 10). 95 173 129 95 75 94 116 100 85 (a) Use a calculator with mean and sample standard deviation keys to verify that x 106.9 thousand dollars and s 29.4 thousand dollars. (b) Find a 90% confidence interval for the population average startup costs u for candy store franchises. (c) Interpretation What does the confidence interval mean in the context of this problem? a) Yes or No? b) Interval: c) We are is between to % confident that the to

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