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The owner of a local supermarket believes the average number of gallons of milk the store sells per day is 416. In a random sample
The owner of a local supermarket believes the average number of gallons of milk the store sells per day is 416. In a random sample of 26 days, the owner finds that the average number of gallons sold was 256.3 with a standard deviation of 35.84. Using this information, the owner calculated the confidence interval of (244.3, 268.3) with a confidence level of 90%. Which of the following statements is the best conclusion? (1) The percentage of days on which more than 416 gallons of milk are sold is 90%. (2) We are 90% confident that the average number of gallons sold per day is less than 416. 3) We are 90% confident that the average number of gallons sold per day is greater than 416. O 4) The average number of gallons sold per day is not signficantly different from 416. (5) We cannot determine the proper interpretation based on the information
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