Question: DATAfile:Houston You may need to use the appropriateappendix tableortechnologyto answer this question. Data were collected on the amount spent by 64 customers for lunch at
DATAfile:Houston
You may need to use the appropriateappendix tableortechnologyto answer this question.
Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the fileHouston. Based upon past studies the population standard deviation is known with= $7.
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(a)
At 99% confidence, what is the margin of error in dollars? (Round your answer to the nearest cent.)
$
(b)
Develop a 99% confidence interval estimate of the mean amount spent for lunch in dollars. (Round your answers to the nearest cent.)
$to $
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