Question

You own a chain of 750 stores You want to estimate the average number of meals...

You own a chain of 750 stores You want to estimate the average number of meals that get delivered by food delivery services such as Skip the Utensils. You ask 36 of your restaurant managers to report how many meal are sold/delivered through Skip the Utensils for one week. They report that the mean number of meals sold was 268 (St Dev = 72). If you want to be 95% certain of your estimate, what range would you report?

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Answer #1

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Here we have to compute 95% confidence interval. See the following Steps :

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