Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Based on USDA suggestion, a U.S. adult should be spending anywhere from $165 to $345 per month on food, depending on age and gender. A

Based on USDA suggestion, a U.S. adult should be spending anywhere from $165 to $345 per month on food, depending on age and gender. A random sample of 120 adults in Washington State is polled regarding the amount of money they spend each month on food. The sample has an average of $273.61 with a standard deviation of $61.59. Based on this information, complete the following questions.
  1. Show that the requirements to build a confidence interval are met.
  2. State the critical value for a 90% confidence interval
  3. Compute the 90% confidence interval. State values to two decimal places.
  4. Interpret the 90% confidence interval using complete sentences.



Step by Step Solution

3.35 Rating (167 Votes )

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

Statistics For Business And Economics

Authors: Paul Newbold, William Carlson, Betty Thorne

8th Edition

0132745658, 978-0132745659

More Books

Students explore these related Accounting questions