Use the following information for questions:
A small bakery is trying to predict how many loaves of bread to bake daily. They randomly sample daily sales records from the past year. In these days, the bakery sold between 40 and 80 loaves per day with a 95% confidence interval for the population mean daily loaf demand given by (51, 54).
-What was the mean number of loaves sold daily for the sample of 50 days?
A) 50
B) 60
C) 52.5
D) Cannot be determined.

Question

Use the following information for questions:
 A small bakery is trying to predict how many loaves of bread to bake daily. They randomly sample daily sales records from the past year. In these days, the bakery sold between 40 and 80 loaves per day with a 95% confidence interval for the population mean daily loaf demand given by (51, 54).
-What was the mean number of loaves sold daily for the sample of 50 days?
A) 50
B) 60
C) 52.5
D) Cannot be determined.

Quizplus · Accepted Answer

The mean number of loaves sold daily for the sample is the midpoint of the confidence interval, which is (51 + 54) / 2 = 52.5.

Use the Following Information for Questions