Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A survey of 50 young frolessionals found that they spect an average of $19.79 when dining out wen a standard devistion of $12.34. Con you

image text in transcribed
image text in transcribed
image text in transcribed
A survey of 50 young frolessionals found that they spect an average of $19.79 when dining out wen a standard devistion of $12.34. Con you concude stasstically that the popuiaton thean is greater than $21 ? Use a 95% tonfioence interval. The 95% oenfidence intervat is of the confidence intorval, we conclude that the populaten mean is greater than 521 . (Use ascending order. Round to four decimal places as needed.) A survey of 50 yeung prolessionals tound that they spent an arecago of $19.79 when oning cut whi a standand deviaton of $12.34. Can you conolude statabcally that the population mean is \#reate than 521 ? Use a 95% confidonce interval. The 95% confdence intervat is As $21 is of the confidence interval, we conclude that be population mean is greater than $21. (Use ascending ordec. Round to four decitnal placts The 95 fe confidence interval is As 521 is of the confidence interval, we conclude that the population rreat is qreater than $21. (Use axoending order, Round to fouf decimal places as reesed.)

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

Essentials of Database Management

Authors: Jeffrey A. Hoffer, Heikki Topi, Ramesh Venkataraman

1st edition

133405680, 9780133547702 , 978-0133405682

More Books

Students also viewed these Databases questions