Question: I hate statistics! Please help :) A sample of400orders fortake-out food at a local pizzeria found that the average cost of an order was $25with
I hate statistics! Please help :)
A sample of400orders fortake-out food at a local pizzeria found that the average cost of an order was $25with s=$18.
(a) Find the margin oferror, if we use a 95% confidenceinterval, for the average cost of an order.
(b) Interpret for management the margin of error.
(c) If weneed to be 99%confident, does the confidence interval become wider ornarrower?
(d) Find the 99%confidence interval.
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