The file FastFood contains the amount that a sample of 15 customers spent for lunch ($) at
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The file FastFood contains the amount that a sample of 15 customers spent for lunch ($) at a fast-food restaurant:
a. Construct a 95% confidence interval estimate for the population mean amount spent for lunch ($) at a fast-food restaurant.
b. Interpret the interval constructed in (a).
c. What assumption must you make about the population distribution in order to construct the confidence interval estimate in (a)?
d. Do you think that the assumption needed in order to construct the confidence interval estimate in (a) is valid? Explain.
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Related Book For
Basic Business Statistics Concepts And Applications
ISBN: 9780134684840
14th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan
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