Travelocity would like to estimate the current average domestic airfare
Travelocity would like to estimate the current average domestic airfare. The following data show the airfares for 24 randomly selected tickets for travel within the United States. These data can also be found in the Excel file titled domestic airfares.xlsx.
a. Construct a 99% confidence interval with these data to estimate the average domestic airfare.
b. What is the margin of error for this sample?
c. Verify your results using Excel.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help