Question: As part of a survey, you ask a random sample of business owners how much they would be willing to pay for a website for

As part of a survey, you ask a random sample of business owners how much they would be willing to pay for a website for their company. The results are shown in the figure. Use a 90% level of confidence.

How much will you pay for your site? n30 s $3600

Assume the sample is from a normally distributed population and construct the indicated confidence intervals for

(a) The population variance σ²

(b) The population standard deviation σ. Interpret the results.

How much will you pay for your site? n30 s $3600

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