Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The manager of The Cheesecake Factory in Memphis reports that on six randomly selected weekdays, the number of customers served was 80, 250, 125, 170,

The manager of The Cheesecake Factory in Memphis reports that on six randomly selected weekdays, the number of customers served was 80, 250, 125, 170, 190, and 165. She believes that the number of customers served on weekdays follows a normal distribution. Click here for the Excel Data File Calculate the margin of error with 99% confidence. Note: Round your final answer to 2 decimal places. Construct the 99% confidence interval for the average number of customers served on weekdays. Note: Round your final answers to 2 decimal places. How can the margin of error reported in part a be reduced? multiple choice Increase the sample size Decrease the sample size Increase the standard deviation Increase the confidence level

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions