Essay
A research firm conducted a survey to determine the mean amount people spend at a popular coffee shop during a week. They found the amounts spent per week followed a normal distribution with a population standard deviation of $4. A sample of 64 customers revealed that the mean is $25. What is the 99% confidence interval estimate of µ?
Correct Answer:
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[23.71, 26.29]
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Correct Answer:
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Explanation: To...
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