Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dave & Buster's manager, Ms. Christy wants to estimate the mean age of customers who spend $90 or more in its branches. To get a
Dave & Buster's manager, Ms. Christy wants to estimate the mean age of customers who spend $90 |
or more in its branches. To get a reliable estimate, she was able to sample her customers who spend |
$90 or more in her store as well as their ages. |
a) Construct 96% confidence interval for the population mean age of customers who spend $90 or more. |
b) Would it be reasonable for the manager to conclude that the mean age is 32? |
c) Would it be reasonable for the manager to conclude that the mean age is 46? |
d) What range of age will 95% of all ages of all customers sampled by the manager fall into? |
Below is the sample data collected by the manager |
Age of customers |
18 |
25 |
43 |
15 |
24 |
23 |
20 |
56 |
46 |
40 |
50 |
26 |
47 |
35 |
70 |
23 |
58 |
28 |
25 |
48 |
38 |
55 |
54 |
58 |
28 |
27 |
49 |
58 |
38 |
Please show excel formulas used to solve these problems.
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