Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The owner of a restaurant that serves continental food wants to study characteristics of her customers. She decides to focus on two variables: the amount

The owner of a restaurant that serves continental food wants to study characteristics of her customers. She decides to focus on two variables: the amount of money spent by customers and whether customers order dessert. The mean and the standard deviation of amount spent for a simple random sample of 16 customers is found to be Rs. 500 and Rs. 20 respectively.

a) Construct a 98% confidence interval estimate of the population mean amount spend per customer in the restaurant.

b) based on the past experience, the owner of the restaurant believes that 80% of the customers order for dessert. If on a day 225 customers visit the restaurant, what is the probability that at least 84% of them would order for dessert.

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

Recommended Textbook for

Statistics

Authors: Robert S. Witte, John S. Witte

11th Edition

1119254515, 978-1119254515

Students also viewed these Mathematics questions

Question

How many applicants are you interviewing?

Answered: 1 week ago