Question: Minor league baseball is seen by many as one of

Minor league baseball is seen by many as one of the few remaining forms of affordable sports entertainment still available to families. (See “It’s a Homerun: Customer Service Greatness in the Minor Leagues,” D. Carter, D. Rovell.) If a random sample of 40 minor league ball-parks is surveyed to estimate the average cost of a hot dog at minor league parks throughout the country, and the average hot dog price for the sample was $1.38.
a. Build a 99% confidence interval estimate of the average cost of a hot dog for the population of minor league ballparks represented here. Assume the standard deviation of hot dog prices for the population of ballparks is known to be $.22.
b. Interpret the interval that you produced in part a.

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  • CreatedJuly 16, 2015
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