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A company is interested in estimating the costs of lunch in their cafeteria. After surveying employees, the staff calculated that a 95% confidence interval for
A company is interested in estimating the costs of lunch in their cafeteria. After surveying employees, the staff calculated that a 95% confidence interval for the mean amount of money spent for lunch over a period of six months is ($760, $900). Now the organization is trying to write its report and considering the following interpretations. Comment on each. Complete parts (a) through (e) below. (a) 95% of all employees pay between $760 and $900 for lunch. Is this interpretation correct? A. No, this is incorrect. The confidence interval is about the individual employees in the population. B. No, this is incorrect. The confidence interval is not about the individual employees in the population. C. No, this is incorrect. The confidence interval represents the individual employees in the sample. D. Yes, this is correct
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