To aid in planning the development of a tourist shopping area, a state agency wants to estimate

Question:

To aid in planning the development of a tourist shopping area, a state agency wants to estimate the average dollar amount spent by a tourist in an existing shopping area. A random sample of 56 tourists gives x-bar = $258 and s = $85.

Give a 95% confidence interval for the average amount spent by a tourist at the shopping area.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

Question Posted: