According to USA Today, customers are not settling for automobiles straight off the production lines. As an example, those who purchase a $355,000 Rolls-Royce typically add $25,000 in accessories. One of the affordable automobiles to receive additions is BMW's Mini Cooper. A sample of 179 recent Mini purchasers yielded a sample mean of $5,000 above the $20,200 base sticker price. Suppose the cost of accessories purchased for all Mini Coopers has a standard deviation of $1,500. Calculate a 95% confidence interval for the average cost of accessories on Mini Coopers.
A) (4850.33, 5149.67)
B) (4878.82, 5121.18)
C) (4788.86, 5211.14)
D) (4780.25, 5219.75)
Correct Answer:
Verified
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