Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I am not able to do this correctly. Ariana measured 38 randomly sampled the amount of money that one-person households spend weekly on take-out meals

I am not able to do this correctly.

Ariana measured 38 randomly sampled the amount of money that one-person households spend weekly on take-out meals in Memphis. The sample had a mean of 54 dollars. Compute a 90% confidence interval using this sample. Assume the population standard deviation is 6.9 dollars. Use z=1.645 in your calculations.

Show all formulas used, work and steps. Be sure to define your variables.

Give your answer rounded to two decimal places.

Interpret your answer in a complete sentence within the context of the problem.

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

New Trends In Shape Optimization

Authors: Aldo Pratelli, Günter Leugering

1st Edition

3319175637, 9783319175638

More Books

Students also viewed these Mathematics questions