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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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
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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