The day after Thanksgiving-called Black Friday-is one of the largest shopping days in the United States. Winthrop

Question:

The day after Thanksgiving-called Black Friday-is one of the largest shopping days in the United States. Winthrop University researchers conducted interviews with a sample of 38 women shopping on Black Friday to gauge their shopping habits and reported the results in the International Journal of Retail and Management (Vol. 39, 2011). One question was, "How many hours do you usually spend shopping on Black Friday?" Data for the 38 shoppers are listed in the accompanying table.
a. Describe the population of interest to the researchers.
b. What is the quantitative variable of interest to the researchers?
c. Use the information in the table to estimate the population mean number of hours spent shopping on Black Friday with a 95% confidence interval.
d. Give a practical interpretation of the interval.
e. A retail store advertises that the true mean number of hours spent shopping on Black Friday is 5.5 hours. Can the store be sued for false advertising? Explain.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...