Nancy is a waitress at Seventh Heaven Hamburgers. She wants to
estimate the average amount each table leaves for a tip. A random
sample of 5 groups was taken and the amount they left for a tip (in
dollars) is listed below:
$12.00 | $8.00 | $6.00 | $4.00 | $5.00 |
a.) Find a 90% confidence interval for the average amount left by
all groups. (*round to the nearest cent*)
$$ < μμ < $$
b.) If the sample size were larger, with everything else remaining
the same, would the margin of Error increase or decrease?
c.) If the Confidence level were 95% instead of 90%, would the
range (size) of the Confidence Interval be larger or smaller?
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