SCENARIO 8-7 a Hotel Chain Wants to Estimate the Mean Number of Number

True/False

SCENARIO 8-7
A hotel chain wants to estimate the mean number of rooms rented daily in a given month.
The population of rooms rented daily is assumed to be normally distributed for each month
with a standard deviation of 240 rooms.During February, a sample of 25 days has a sample
mean of 370 rooms.
-True or False: Referring to Scenario 8-7, a 99% confidence interval will contain 99% of the
sample mean number of rooms rented daily in a given month.