Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A sample of 250 orders for take-out food at a local pizzeria found that the average cost of an order was $27 with s =

image text in transcribed
image text in transcribed
A sample of 250 orders for take-out food at a local pizzeria found that the average cost of an order was $27 with s = $14. (a) Find the margin of error, if we use a 95% confidence interval, for the average cost of an order. (b) Interpret for management the margin of error. (c) If we need to be 99% confident, does the confidence interval become wider or narrower? (d) Find the 99% confidence interval. (a) Margin of Error = $ (Round to the nearest cent as needed.) ample Clear all Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus

Authors: Jon Rogawski, Colin Adams, Robert Franzosa

4th Edition

1319055842, 9781319055844

More Books

Students also viewed these Mathematics questions

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

Differentiate Personnel Management and Human Resource Management

Answered: 1 week ago

Question

Describe the functions of Human resource management

Answered: 1 week ago

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Question

8. How can an interpreter influence the message?

Answered: 1 week ago