In a survey of 1000 people, mean amount of money they spend on buying Starbuck's coffee per month is $19.40. Use z= 1.96 and o =45 a. What is the margin of error for this study? b. Give an interval that is likely to contain the exact mean amount of money people spend on Starbucks.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
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6. In a survey of 1000 people, mean amount of money they spend on buying Starbuck's coffee per
month is $19.40. Use z= 1.96 and o =45
a. What is the margin of error for this study?
b. Give an interval that is likely to contain the exact mean amount of money people spend on
Starbucks.
Transcribed Image Text:6. In a survey of 1000 people, mean amount of money they spend on buying Starbuck's coffee per month is $19.40. Use z= 1.96 and o =45 a. What is the margin of error for this study? b. Give an interval that is likely to contain the exact mean amount of money people spend on Starbucks.
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