Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A supermarket has checked the expenditures of 50 customers on one day and found the average total spent is $75.58 assume that the standard deviation
- A supermarket has checked the expenditures of 50 customers on one day and found the average total spent is $75.58
- assume that the standard deviation of expenditure for all customers is $28.5
find a 95% confidence interval for the average amount spent by all customers on this day
please include working out for understanding purposes.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started