Question
The Salvation Army is trying to anticipate how much money they will get in the red kettle coin drive over the holiday season. The organization
The Salvation Army is trying to anticipate how much money they will get in the "red kettle" coin drive over the holiday season. The organization has a goal of $25 per hour. It is possible that, with inflation, they will receive fewer donations, as people will have less money to contribute, but it is also possible that they will receive more donations because people will know that there is more need in the community. On one Saturday in December, they set up a red kettle outside of 5 Walmart stores in the city and count the amount of money they get for the day. Rounded to the nearest dollar, the average for the sample is $22 with a standard deviation of $4. Using the .05 level of significance, what should the Salvation Army conclude? If appropriate, construct a 95 percent confidence interval. (NOTE: All of the information you need to solve this IS included in the description above; I just did some of the work for you.)
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