rocery retailers collect information from a random sample of 10 consumers out of a total of 40 who purchased a specific "coupon special." The ten people spent an average of $24.57 on groceries, with a $43.56 sample variance. Within a 90 percent confidence level, find the confidence interval.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.7: Probability
Problem 6E: List the sample space of each experiment. Tossing three coins
icon
Related questions
Question

Grocery retailers collect information from a random sample of 10 consumers out of a total of 40 who purchased a specific "coupon special." The ten people spent an average of $24.57 on groceries, with a $43.56 sample variance. Within a 90 percent confidence level, find the confidence interval.

Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning