Do you want to own your own candy store? Wow! 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, The Fudge Company, Karmel Corn, and RockyMountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution.94 170 132 98 7594 116 100 85A USE SALT(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.)thousand dollarsthousand dollars(b) Find a 90% confidence interval for the population average startup costs u for candy store franchises. (Round your answers to one decimal place.)lower limitthousand dollarsupper limitthousand dollars

Given data is94,170,132,98,75,94,116,100,85

Do you want to own your own candy store? Wow! 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, The 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. Assume that the population of x values has an approximately normal distribution. 94 170 132 98 75 94 116 100 B5 A USE SALT (a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.) thousand dollars thousand dollars (b) Find a 90% confidence interval for the population average startup costs a for candy store franchises. (Round your answers to one decimal place.) lower limit thousand dollars upper limit thousand dollars

Do you want to own your own candy store? Wow! 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, The 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. Assume that the population of x values has an approximately normal distribution. 94 170 132 98 75 94 116 100 B5 A USE SALT (a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.) thousand dollars thousand dollars (b) Find a 90% confidence interval for the population average startup costs a for candy store franchises. (Round your answers to one decimal place.) lower limit thousand dollars upper limit thousand dollars

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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