Consider the data provided by a snack manufacturer: They produce 45 different snack varieties The mean selling price of one 5lb snack bag is $30 The sample standard deviation for the price per bag is $2.75 Compute the 99% confidence interval for the average selling price per snack bag. $25.00 to $35.00 None of the other answers. $28.90 to $31.10 O $1.19 $29.17 to $30.83

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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QUESTION 9
Consider the data provided by a snack manufacturer:
• They produce 45 different snack varieties
• The mean selling price of one 5lb snack bag is $30
The sample standard deviation for the price per bag is $2.75
Compute the 99% confidence interval for the average selling price per snack bag.
$25.00 to $35.00
None of the other answers.
$28.90 to $31.10
$1.19
$29.17 to $30.83
Transcribed Image Text:QUESTION 9 Consider the data provided by a snack manufacturer: • They produce 45 different snack varieties • The mean selling price of one 5lb snack bag is $30 The sample standard deviation for the price per bag is $2.75 Compute the 99% confidence interval for the average selling price per snack bag. $25.00 to $35.00 None of the other answers. $28.90 to $31.10 $1.19 $29.17 to $30.83
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