A major electronics store chain is interested in estimating the average amount its credit card customers spent on their first visit to the chain's new store in the mall.Fifteen credit card accounts were randomly sampled and analyzed with the following results: = $50.50 and s2 = 400.A 95% confidence interval for the average amount the credit card customers spent on their first visit to the chain's new store in the mall is:
A) $50.50 ± $9.09.
B) $50.50 ± $10.12.
C) $50.50 ± $11.08.
D) None of these choices.
Correct Answer:
Verified
Q2: If the sampled population is nonnormal,the t-test
Q3: In order to interpret the p-value associated
Q4: For a 99% confidence interval of the
Q6: Researchers determined that 60 Puffs tissues is
Q7: In estimating the population mean with the
Q8: If a sample has 18 observations and
Q9: If a sample has 15 observations and
Q10: For statistical inference about the mean of
Q46: The t distribution allows the calculation of
Q196: A race car driver tested his car
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents