(a) Construct and interpret a 95% confidence interval for the mean price paid for coffee in 2015 by all U.S. adults. (b) In 2013, tax receipts show that Americans paid an average of $2.98 per coffee. Do the 2o15 survey results provide convincing evidence that the average price Americans pay for coffee has changed? Explain your reasoning.

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How much do Americans pay for coffee on average? In a 2015 survey of 105 randomly
selected U.S. adults, the respondents were asked what price they paid for their most recent
purchase of coffee. The sample data had a mean of $3.42 and a standard deviation of $0.75.
(a) Construct and interpret a 95% confidence interval for the mean price paid for coffee in
2015 by all U.S. adults.
(b) In 2013, tax receipts show that Americans paid an average of $2.98 per coffee. Do the 2015
survey results provide convincing evidence that the average price Americans pay for coffee
has changed? Explain your reasoning.
Transcribed Image Text:How much do Americans pay for coffee on average? In a 2015 survey of 105 randomly selected U.S. adults, the respondents were asked what price they paid for their most recent purchase of coffee. The sample data had a mean of $3.42 and a standard deviation of $0.75. (a) Construct and interpret a 95% confidence interval for the mean price paid for coffee in 2015 by all U.S. adults. (b) In 2013, tax receipts show that Americans paid an average of $2.98 per coffee. Do the 2015 survey results provide convincing evidence that the average price Americans pay for coffee has changed? Explain your reasoning.
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