With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup
Posted: Mon Nov 15, 2021 11:06 am
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.
85
(a) Find the sample mean startup cost x and sample
standard deviation s. (Round your answers to four
decimal places.)
s =
(b) Find a 94% confidence interval for the population
average startup costs 𝜇 for candy store franchises.
(Round your answers to one decimal place.)
lower limit
upper limit
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.
85
(a) Find the sample mean startup cost x and sample
standard deviation s. (Round your answers to four
decimal places.)
s =
(b) Find a 94% confidence interval for the population
average startup costs 𝜇 for candy store franchises.
(Round your answers to one decimal place.)
lower limit
upper limit