A fast-food chain has 25 restaurants in Alabama (Ala.), 20 in Louisiana (La.), 25 in Texas (Tex.),

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A fast-food chain has 25 restaurants in Alabama (Ala.), 20 in Louisiana (La.), 25 in Texas (Tex.), and 32 in Arkansas (Ark.). Management is considering adding a hamburger item to its menu. In order to determine whether this burger will be a success, management tested the product in 15 restaurants in Alabama, 11 in Louisiana, 18 in Texas, and 5 in Arkansas for 1 week. The sample means and standard deviations for the numbers of purchases are shown here.image text in transcribed

where X̅ and s are the mean and standard deviation, respectively.

(a) Use an unbiased estimation procedure to find an estimate of the mean number of purchases of the burgers for all 102 restaurants

(b) Find an estimate of the variance of the estimator in part (a), using an unbiased estimation procedure.

(c) Find a 99 % confidence interval for the population mean number of burgers sold per restaurant.

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Related Book For  answer-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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