In an effort to estimate the mean amount spent per customer for dinner at a major Atlanta restaurant, data were collected from 64 randomly selected customers. The sample mean was calculated as $27.75 with a sample standard deviation of $4. We wish to develop a 91% confidence interval for the mean amount spent per customer for dinner at this restaurant. Assume that the standard deviation of the amounts spent by ALL customers is $4.30. What is the variable of interest? A) amount spent at restaurant B) their age
In an effort to estimate the mean amount spent per customer for dinner at a major Atlanta restaurant, data were collected from 64 randomly selected customers. The sample mean was calculated as $27.75 with a sample standard deviation of $4. We wish to develop a 91% confidence interval for the mean amount spent per customer for dinner at this restaurant. Assume that the standard deviation of the amounts spent by ALL customers is $4.30. What is the variable of interest? A) amount spent at restaurant B) their age
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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In an effort to estimate the mean amount spent per customer for dinner at a major Atlanta restaurant, data were collected from 64 randomly selected customers. The sample mean was calculated as $27.75 with a sample standard deviation of $4. We wish to develop a 91% confidence interval for the mean amount spent per customer for dinner at this restaurant. Assume that the standard deviation of the amounts spent by ALL customers is $4.30.
What is the variable of interest?
A) amount spent at restaurant
B) their age
C) method of payment
And is this variable Quantitative or Qualitative?
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