According to Entrepreneur Magazine, Vol. 23, No. 10, the start-up cost for a new candy store (in thousands of dollars) is: 95 95 75 94 77 100 85 UNG Use these data to create a 98% confidence interval for the mean start-up cost for a new candy store. $77,100 < pop. mean < $100,320 $91,130 < pop. mean < $99,520 $78,300 < pop. mean < $95,640 O $80,100 < pop. mean < $97,320

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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According to Entrepreneur Magazine, Vol. 23, No. 10, the start-up cost for a new candy store (in
thousands of dollars) is:
95
95
75
94
77
100
85
BUNG
Use these data to create a 98% confidence interval for the mean start-up cost for a new candy
store.
O $77,100 < pop. mean < $100,320
$91,130 < pop. mean < $99,520
O $78,300 < pop. mean < $95,640
O $80,100 < pop. mean < $97,320
Transcribed Image Text:According to Entrepreneur Magazine, Vol. 23, No. 10, the start-up cost for a new candy store (in thousands of dollars) is: 95 95 75 94 77 100 85 BUNG Use these data to create a 98% confidence interval for the mean start-up cost for a new candy store. O $77,100 < pop. mean < $100,320 $91,130 < pop. mean < $99,520 O $78,300 < pop. mean < $95,640 O $80,100 < pop. mean < $97,320
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