(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.) x = __thousand dollars s = __ thousand dollars (b) Find a 90% confidence interval for the population average startup costs ? for candy store franchises. (Round your answers to one decimal place.) lower limit __thousand dollars upper limit __ thousand dollars
(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.) x = __thousand dollars s = __ thousand dollars (b) Find a 90% confidence interval for the population average startup costs ? for candy store franchises. (Round your answers to one decimal place.) lower limit __thousand dollars upper limit __ thousand dollars
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 3CYU
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Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately
93 | 171 | 133 | 99 | 75 | 94 | 116 | 100 | 85 |
(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.)
(b) Find a 90% confidence interval for the population average startup costs ? for candy store franchises. (Round your answers to one decimal place.)
x = | __thousand dollars |
s = | __ thousand dollars |
(b) Find a 90% confidence interval for the population average startup costs ? for candy store franchises. (Round your answers to one decimal place.)
lower limit | __thousand dollars |
upper limit | __ thousand dollars |
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