For 30 randomly selected Rolling Stones concerts, the mean gross earnings is 2.18 million dollars. Assuming a population standard deviation gross earnings of 0.48 million dollars, obtain a 99% confidence interval for the mean gross earnings of all Rolling Stones concerts (in millions). Confidence interval: ( , ). b) Which of the following is the correct interpretation for your answer in part (a)? A. We can be 99% confident that the mean gr
For 30 randomly selected Rolling Stones concerts, the mean gross earnings is 2.18 million dollars. Assuming a population standard deviation gross earnings of 0.48 million dollars, obtain a 99% confidence interval for the mean gross earnings of all Rolling Stones concerts (in millions).
Confidence interval: ( , ).
b) Which of the following is the correct interpretation for your answer in part (a)?
A. We can be 99% confident that the mean gross earnings of all Rolling Stones concerts lies in the interval
B. We can be 99% confident that the mean gross earnings for this sample of 30 Rolling Stones concerts lies in the interval
C. There is a 99% chance that the mean gross earnings of all Rolling Stones concerts lies in the interval
D. None of the above
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