A Club Owner Is Interested In Determining The Average Number Of Customers Who Pay The Cover Charge On All Nights They Ar 1 (62.62 KiB) Viewed 111 times
A Club Owner Is Interested In Determining The Average Number Of Customers Who Pay The Cover Charge On All Nights They Ar 2 (22.12 KiB) Viewed 111 times
A club owner is interested in determining the average number of customers who pay the cover charge on all nights they are open. The owner randomly selects 44 nights and finds an average of 159.7 customers with a standard deviation of 13.2 customers. In the space below, answer all the questions and be sure to SHOW ALL WORK to earn the credit for any problems that require work. (a) Identify the value of the sample statistic as well as the symbol for the statistic. (b) Describe the parameter of interest and also give the symbol for the parameter. Edit Insert Formats BI V x x А" А " <> EEEE-11 Σ' Σ Η (c) Describe the variable. Edit - Insert Formats B I UX EEE. 11 e o "X A <> > ES Σ Σ Α (d) Use the 250 method to create a 95% confidence interval estimate of the parameter. Be sure to show all work to arrive at the answer! Without work, you will get no credit for this! Edit Insert Formats в Ірх, х* A A <>
(e) Identify the margin of error. (f) Write a complete sentence IN CONTEXT to give the real world, contextual meaning of the confidence interval. Your sentence should stat with "We are 95% confident that..."
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