A sample of 300 orders for take-out food at a local pizzeria found that the average cost of anorder was $23 with s-$15.a) Find the margin of error for this result if you want a 95% confidence interval for theaverage cost of an order.Interpret for the management the margin of error.If we need to be 99% confidence, does the margin of error become larger or smaller?Find the margin of error for a 99% confidence interval.b)c)d)

Obtain the critical value:The required confidence level is 100*(1–α)% = 95%.The required conditions…

Answered: A sample of 300 orders for take-out…

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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