Question
Data:- Item Price 2.25 1.29 2.35 1.39 1.33 1.4 1.44 2.99 1.45 1.1 3.1 77 1.25 2.5 2 1.69 2.15 1.99 2.25 Quantity Sold 16
Data:-
Item Price 2.25 1.29 2.35 1.39 1.33 1.4 1.44 2.99 1.45 1.1 3.1 77 1.25 2.5 2 1.69 2.15 1.99 2.25
Quantity Sold 16 2 14 5 15 20 7 18 5 2 19 12 10 5 8 0 11 11 9
Assume the Price of Candy variable in question is referring to 200 gram bags. Use the data in the worksheet to 99% confidence interval of the average population price of all 200 gram bags of candy.Include all work that supports your answer.
(Show how to solve this question in excel. For accuracy, retain all four decimal places during intermediate calculations and round the final answers to two decimal places.)
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