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Question 1(5 Marks) The owner of a sporting goods store surveys a group of customers on (i) the average amount spent, and (ii) whether they
Question 1(5 Marks)
The owner of a sporting goods store surveys a group of customers on (i) the average amount spent, and (ii) whether they purchased at least one item of clothing.
The results of a sample of 80 customers are:
Average amount spent:
Standard deviation:
a)Construct a 90% confidence interval for the mean amount spent per shopper.
b)What sample size does he need if he wants to estimate a 95% confidence interval for the mean amount spent to within ?
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