Do you want to own your own candy store? With some interest in running your own business
Question:
9517312995759411610085
(a) Use a calculator with mean and sample standard deviation keys to verify that ≈ $106.9 thousand and s ≈ $29.4 thousand.
(b) Find a 90% confidence interval for the population average start-up costs μ for candy store franchises.
(c) What does the confidence interval mean in the context of this problem?
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Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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