The cost of a meal for a sample of eight customers was recorded. The results (in Rands) were as follows: 130.11 129.85 130.05 128.53 129.99 129.85 130.18 129.98 a) Estimate a 90% confidence interval for the true average of cost of a meal.  b) Calculate the length of the confidence interval. c) Provide the correct interpretation of the confidence interval you have calculated in a).

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 14PPS
icon
Related questions
Question

The cost of a meal for a sample of eight customers was recorded. The results (in Rands) were as follows:

130.11 129.85 130.05 128.53 129.99 129.85 130.18 129.98

a) Estimate a 90% confidence interval for the true average of cost of a meal. 
b) Calculate the length of the confidence interval.
c) Provide the correct interpretation of the confidence interval you have calculated in a).

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill