Taking the family to an amusement park has becomeincreasingly costly according to the industry publicationAmusement Business, which provides figures on the cost for afamily of four to spend the day at one of America'samusement parks. A random sample of 25 families of four thatattended amusement parks yielded a sample mean of $232and sample standard deviation of $42.A. What is the best point estimate for the average (mean)cost for a family of four to spend the day at an Americanamusement park? Round your answer to the nearestdollar.Point estimate: $B. Obtain a 95% confidence interval for the mean cost for afamily of four to spend the day at an American amusementpark? Round your lower and upper limits to the nearestdollar.Confidence interval: $to $C. What is the margin of error for the 95% confidenceinterval found in part B? Round answer to the nearest

We have given that, Sample mean (x̄) = $ 232, sample standard deviation (s) = 42 and sample size…

Answered: aking the family to an amusement park…

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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Choose the correct option and explain.
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