You are the manager of a local cinema, and want to investigate how much the average customer spends on the concession stand. You take a sample of 25 customers, and you find a sample average of $11.68, with a sample standard deviation of $2.45. Using this information, you want to create a 90% confidence interval for the population mean. What is the margin of error in your analysis? Note: 1- Do not round intermediate numbers. Round your final answer to three decimal places Your Answer: Answer
You are the manager of a local cinema, and want to investigate how much the average customer spends on the concession stand. You take a sample of 25 customers, and you find a sample average of $11.68, with a sample standard deviation of $2.45. Using this information, you want to create a 90% confidence interval for the population mean. What is the margin of error in your analysis? Note: 1- Do not round intermediate numbers. Round your final answer to three decimal places Your Answer: Answer
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 22PFA
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Question
![11
You are the manager of a local cinema, and want to investigate how much the
average customer spends on the concession stand. You take a sample of 25
customers, and you find a sample average of $11.68, with a sample standard
deviation of $2.45. Using this information, you want to create a 90% confidence
interval for the population mean. What is the margin of error in your analysis?
Note:
1- Do not round intermediate numbers. Round your final answer to three decimal
places.
Your Answer:
Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24e2a64a-8f8b-4b55-afc3-6901c2e2c8d1%2Fdb1e867d-0154-4b38-a727-a3e2e0f22425%2Fouzwwpw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11
You are the manager of a local cinema, and want to investigate how much the
average customer spends on the concession stand. You take a sample of 25
customers, and you find a sample average of $11.68, with a sample standard
deviation of $2.45. Using this information, you want to create a 90% confidence
interval for the population mean. What is the margin of error in your analysis?
Note:
1- Do not round intermediate numbers. Round your final answer to three decimal
places.
Your Answer:
Answer
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