From a sample of 50 individuals in the US, the average weekly food cost was found to be $54.59 with a st andard deviation of $3.46. You are presented a confidence level of (53.3296, 55.8504) for the average weekly food cost for an individual in the US. What is the confidence level of this confidence interval?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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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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From a sample of 50 individuals in the US, the average weekly food cost was found to be $54.59 with a st andard deviation of $3.46. You are presented a confidence level of (53.3296, 55.8504) for the average weekly food cost for an individual in the US. What is the confidence level of this confidence interval? Show your work.

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