6) A small business owner you follow on TikTok is SO EXCITED because last month, she was able to begin selling her product in a popular chain store around the nation. Her contract with the chain store says that at any time, there will be at least 20 of her products sitting out on the shelves. She wants to conduct a survey to see if that is true. She visits 5 of the local chain stores around her and records the number of products of hers that are on the shelves. She will then construct a 95% confidence interval to determine the mean number of products on the shelves for all of the stores. (a) Discuss whether this study meets the each of the conditions for constructing a confidence interval. If one of the conditions has not been met, what additional information would be required or what change in the study would you recommend?

6) A small business owner you follow on TikTok is SO EXCITED because last month, she was able to begin selling her product in a popular chain store around the nation. Her contract with the chain store says that at any time, there will be at least 20 of her products sitting out on the shelves. She wants to conduct a survey to see if that is true. She visits 5 of the local chain stores around her and records the number of products of hers that are on the shelves. She will then construct a 95% confidence interval to determine the mean number of products on the shelves for all of the stores. (a) Discuss whether this study meets the each of the conditions for constructing a confidence interval. If one of the conditions has not been met, what additional information would be required or what change in the study would you recommend?

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section8.6: Counting Principles

Problem 74E: Lottery Powerball is a lottery game that is operated by the Multi-State Lottery Association and is...

See similar textbooks