The owner of a local bakery feels that too many bagels are thrown out every night, so
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The owner of a local bakery feels that too many bagels are thrown out every night, so he decides to estimate the demand for bagels. After a month’s observation, he collected 30 days’ sales and ascertained that the average sales were 120 and the standard deviation of daily sales was 10. Assume that the daily bagel sales follow a normal distribution. Construct a 90 % confidence interval for the demand for bagels.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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