A random sample of 10 candy store franchises had a mean startup cost $106.90 thousand and s = $29.40 thousand. Find a 90% confidence interval for the population average startup cost u for candy store franchises. Assume that x has a distribution that is approximately normal. Write the data and based on it, decide what distribution you will use. 9) of a) | Data: Distribution: b) c) d) Use the appropriate formula to find the maximal error E ) Write the confidence interval ) Interpret your results

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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A random sample of 10 candy store franchises had a mean startup cost
$106.90 thousand and s = $29.40 thousand. Find a 90% confidence interval for the
population average startup cost u for candy store franchises. Assume that x has a distribution
that is approximately normal.
Write the data and based on it, decide what distribution you will use.
9)
of
a) |
Data:
Distribution:
b)
c)
d)
Use the appropriate formula to find the maximal error E
Write the confidence interval
) Interpret your results
Transcribed Image Text:A random sample of 10 candy store franchises had a mean startup cost $106.90 thousand and s = $29.40 thousand. Find a 90% confidence interval for the population average startup cost u for candy store franchises. Assume that x has a distribution that is approximately normal. Write the data and based on it, decide what distribution you will use. 9) of a) | Data: Distribution: b) c) d) Use the appropriate formula to find the maximal error E Write the confidence interval ) Interpret your results
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