Question
Easter candy expenditure per consumer is normally distributed with a standard deviation of $4.01. A candy manufacturer claims that the average Easter candy expenditure per
Easter candy expenditure per consumer is normally distributed with a standard deviation of $4.01. A candy manufacturer claims that the average Easter candy expenditure per consumer is no less than $30. Fifteen consumers were randomly selected. The average Easter candy expenditure per consumer was found to be $28.67 with a standard deviation of $3.50. Can you reject the candy manufacturer's claim at =.05?
What is the 99% confidence interval for the true average Easter candy expenditure per consumer (in $)?
a.(26.9668, 30.3732)
b.(25.9797, 31.3603)
c.(26.0039, 31.3361)
d.None of the answers is correct
e.(26.6407, 30.6993)
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