Solved

Use the Following Information to Answer the Question

Question 46

Essay

Use the following information to answer the question. According to the website HYPERLINK "http://www.costofwedding.com/" www.costofwedding.com, the average cost of catering a wedding (with an open bar)is $100 per person. Recently, in a random sample of 40 weddings in the U.S. it was found that the average catering cost was $110, with a standard deviation of $12. On the basis of this, a 95% confidence interval for the mean catering cost for a wedding is $106 to $114.
-Explain whether the confidence interval provides evidence that the mean catering cost of a wedding has increased.

Correct Answer:

verifed

Verified

The confidence interval provid...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents