Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The marketing team from Mi Casa Front Porch Restaurant is looking to promote the restaurant on the internet. They want to provide a realistic view

  1. The marketing team from Mi Casa Front Porch Restaurant is looking to promote the restaurant on the internet. They want to provide a realistic view of ranges for average bill for a party of 2 for lunch and dinner. They have gathered the following data from a sample to use. Calculate and interpret the confidence intervals for the mean that should be used for both lunch and dinner using a 95% confidence level.

Exercise

Using the data below, identify the confidence interval for the mean based on a 95% confidence level.

Lunch Dinner
$23.36 $44.00
$12.50 $51.90
$15.87 $49.70
$17.56 $40.00
$14.56 $55.50
$19.22 $33.00
$22.00 $43.40
$10.15 $41.30
$18.50 $45.20
$15.20 $40.70
$20.90 $41.10
$12.10 $49.10
$18.80 $30.90
$13.10 $45.20
$19.20 $55.30
$18.60 $52.10
$15.50 $55.10
$13.30 $38.80
$11.90 $43.10
$14.00 $39.20
$15.20 $58.60
$17.90 $49.80
$16.60 $43.20
$19.20 $47.90
$18.80 $46.60

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

Numerical Analysis

Authors: Richard L. Burden, J. Douglas Faires

9th edition

538733519, 978-1133169338, 1133169333, 978-0538733519

More Books

Students also viewed these Mathematics questions