Suppose a fast-food restaurant wishes to estimate average sales volume for a new menu item. The restaurant
Question:
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X = 500 (mean daily sales)
s = 100 (standard deviation of sample)
n = 25 (sample size)
The restaurant manager wants to know into what range the mean daily sales should fall 95 percent of the time. Perform this calculation.
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Related Book For
Business research methods
ISBN: 978-1439080672
8th Edition
Authors: William G Zikmund, Barry J. Babin, Jon C. Carr, Mitch Griff
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