SCENARIO 8-16 A Random Sample of 100 Stores from a Large Chain

SCENARIO 8-16
A random sample of 100 stores from a large chain of 500 garden supply stores was selected to determine the mean number of lawnmowers sold at an end-of-season clearance sale.The sample results indicated a mean of 6 and a standard deviation of 2 lawnmowers sold.A 95% confidence interval (5.623 to 6.377)was established based on these results.
-Referring to Scenario 8-16,of all possible samples of 100 stores drawn from the population of 1,000 stores,95% of the sample means will fall between 5.623 and 6.377 lawnmowers.