Question: tosave#Q2 2. [-/4 Points] DETAILS BBBASICSTAT8 8.2.016.S. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Do you want to own your own candy store? Wow! With
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tosave#Q2 2. [-/4 Points] DETAILS BBBASICSTAT8 8.2.016.S. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution. 96 179 133 90 75 94 116 100 85 LO USE SALT (a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to four decimal places.) 1 * =107.5 thousand dollars 32.5 thousand dollars Enter a number. (b) Find a 90% confidence interval for the population average startup costs u for candy store franchises. (Round your answers to one decimal place.) lower limit thousand dollars upper limit thousand dollars Need Help? Read It Watch It
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