Multiple Choice
In an examination of purchasing patterns of shoppers, a sample of 16 shoppers revealed that they spent, on average, $54 per hour of shopping. Based on previous years, the population standard deviation is thought to be $21 per hour of shopping. Assuming that the amount spent per hour of shopping is normally distributed, find a 90% confidence interval for the mean amount.
A) [$45.36, $62.64]
B) [$47.27, $60.73]
C) [$51.84, $56.16]
D) [$52.32, $55.68]
Correct Answer:

Verified
Correct Answer:
Verified
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