45 per day and a sample standard deviation of $74.50. a. Develop a 95% confidence interval estimate...
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45 per day and a sample standard deviation of $74.50.
a. Develop a 95% confidence interval estimate of the mean amount spent per day by a family of four visiting Niagara Falls.
b. Based on the confidence interval from part (a), does it appear that the population mean amount spent per day by families visiting Niagara Falls differs from the mean reported by the American Automobile Association? Explain.
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Related Book For
Essentials Of Modern Business Statistics
ISBN: 9780324312843
3rd Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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