3) 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, 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: 95 173 129 95 75 94 116 100 85 a) With a x= 106.9 and a SAMPLE STANDARD DEVIATION of s 29.4 (Hint: the population standard deviation (G) is NOT KNOWN), find a 90% confidence interval for the population average startup costs, µ, for candy store franchises.

3) 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, 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: 95 173 129 95 75 94 116 100 85 a) With a x= 106.9 and a SAMPLE STANDARD DEVIATION of s 29.4 (Hint: the population standard deviation (G) is NOT KNOWN), find a 90% confidence interval for the population average startup costs, µ, for candy store franchises.

Name: Can you please help me with a thank you!! 3) Franchise: Candy Store -
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MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Topic Video

Question

Can you please help me with a thank you!!

3) 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, 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:
95
173
129
95
75
94
116
100
85
a) With a x= 106.9 and a SAMPLE STANDARD DEVIATION of s = 29.4 (Hint: the population standard
deviation (g) is NOT KNOWN), find a 90% confidence interval for the population average startup costs, µ, for
candy store franchises.
b) What does this confidence interval mean in the context of this problem?

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