The manager of a theme park wishes to estimate the mean amount of money visitors spend at the park. The table below shows the data on the amount of money 10 random visitors of the park spend at the theme park. 1,000 900 870 200 700 470 1489 1328 1200 610 a. Find a point estimate of the true mean amount of money visitors spend at the park. b. Construct a 95% confidence interval for the true mean amount of money visitors spend at the park

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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The lesson is all about Estimation Statistics. With complete solution please. Thank you!
The manager of a theme park wishes to estimate the mean amount of money visitors spend at the park. The
table below shows the data on the amount of money 10 random visitors of the park spend at the theme park.
1,000
900
870
200
700
470
1489
1328
1200
610
a. Find a point estimate of the true mean amount of money visitors spend at the park.
b. Construct a 95% confidence interval for the true mean amount of money visitors spend at the park
Transcribed Image Text:The manager of a theme park wishes to estimate the mean amount of money visitors spend at the park. The table below shows the data on the amount of money 10 random visitors of the park spend at the theme park. 1,000 900 870 200 700 470 1489 1328 1200 610 a. Find a point estimate of the true mean amount of money visitors spend at the park. b. Construct a 95% confidence interval for the true mean amount of money visitors spend at the park
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