Question

Data were collected on the amount spent by  customers for lunch at a major Houston restaurant. These...

Data were collected on the amount spent by  customers for lunch at a major Houston restaurant. These data are contained in the file named Houston. Based upon past studies the population standard deviation is known with .

Click on the datafile logo to reference the data.

Round your answers to two decimal places. Use the critical value with three decimal places.

a. At 99% confidence, what is the margin of error?

b. Develop a 99% confidence interval estimate of the mean amount spent for lunch.
  to  

Homework Answers

Answer #1

data link is not working   iam assuming the data to solving this problem

NOTE:: I HOPE YOUR HAPPY WITH MY ANSWER....***PLEASE SUPPORT ME WITH YOUR RATING...

***PLEASE GIVE ME "LIKE"...ITS VERY IMPORTANT FOR ME NOW....PLEASE SUPPORT ME ....THANK YOU

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Data were collected on the amount spent by 64 customers for lunch at a major Houston...
Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the file named Houston. Based upon past studies the population standard deviation is known with o=$10. Click on the datafile logo to reference the data. Amount 20.50 14.63 23.77 29.96 29.49 32.70 9.20 20.89 28.87 15.78 18.16 12.16 11.22 16.43 17.66 9.59 18.89 19.88 23.11 20.11 20.34 20.08 30.36 21.79 21.18 19.22 34.13 27.49 36.55 18.37 32.27 12.63...
Data were collected on the amount spent by 64 customers for lunch at a major Houston...
Data were collected on the amount spent by 64 customers for lunch at a major Houston restaurant. These data are contained in the WEBfile named Houston. Based upon past studies the population standard deviation is known with = $14. Click on the webfile logo to reference the data. Round your answers to THREE decimal places. a. At 99% confidence, what is the margin of error? b. Develop a 99% confidence interval estimate of the mean amount spent for lunch. ____...
The table below contains the amount that a sample of nine customers spent for lunch​ ($)...
The table below contains the amount that a sample of nine customers spent for lunch​ ($) at a​ fast-food restaurant. Complete parts a and b below. 4.33 5.14 5.67 6.31 7.36 7.67 8.48 8.79 9.18 a. Construct a 99​% confidence interval estimate for the population mean amount spent for lunch at a​ fast-food restaurant, assuming a normal distribution. The​ % confidence interval estimate is from ​$ nothing to ​$ nothing. ​(Round to two decimal places as​ needed.) b. Interpret the...
The table below contains the amount that a sample of nine customers spent for lunch​ ($)...
The table below contains the amount that a sample of nine customers spent for lunch​ ($) at a​ fast-food restaurant. Complete parts a and b below. 4.87 5.08 5.84 6.14 7.32 7.58 8.22 8.67 9.33 a. Construct a 95​% confidence interval estimate for the population mean amount spent for lunch at a​ fast-food restaurant, assuming a normal distribution. The​ % confidence interval estimate is from ​$??? to ​$???. ​(Round to two decimal places as​ needed.) b. Interpret the interval constructed...
A random sample of 49 lunch customers was selected at a restaurant. The average amount of...
A random sample of 49 lunch customers was selected at a restaurant. The average amount of time the customers in the sample stayed in the restaurant was 40 minutes. From past experience, it is known that the population standard deviation equals 10 minutes. a. Compute the standard error of the mean. b. Construct a 95% confidence interval for the true average amount of time customers spent in the restaurant. c. With a .95 probability, what sample size would have to...
2. The file FastFood contains the amount that a sample of 15 customers spent for lunch...
2. The file FastFood contains the amount that a sample of 15 customers spent for lunch ($) at a fast-food restaurants: 7.42 6.29 5.83 6.50 8.34 9.51 7.10 6.80 5.90 4.89 6.50 5.52 7.90 8.30 9.60 a. Construct 95% confidence interval estimate for the population mean amount spent for lunch ($) at a fast-food restaurant assuming a normal distribution. b. Interpret the interval constructed in (a).
The data table below contains the amounts that a sample of nine customers spent for lunch?...
The data table below contains the amounts that a sample of nine customers spent for lunch? (in dollars) at a? fast-food restaurant. Complete parts? (a) through? (c). Click here to view page 1 of the table of critical values of t. LOADING... Click here to view page 2 of the table of critical values of t. LOADING... 4.21 4.21 4.99 4.99 5.98 5.98 6.51 6.51 7.43 7.43 7.41 7.41 8.44 8.44 8.43 8.43 10.07 10.07 a. At the 0.10 0.10...
question 1. A marketing specialist wants to estimate the average amount spent by visitors to an...
question 1. A marketing specialist wants to estimate the average amount spent by visitors to an online retailer's newly-designed website. From the data in a preliminary study she guesses that the standard deviation of the amount spent is about 16 dollars. How large a sample should she take to estimate the mean amount spent to within 4 dollars with 95% confidence? (Round your answer up to the next largest integer). ______ question 2. Pepsi wants to use this technique to...
Problem 8-25 Air pollution control specialists in southern California monitor the amount of ozone, carbon dioxide,...
Problem 8-25 Air pollution control specialists in southern California monitor the amount of ozone, carbon dioxide, and nitrogen dioxide in the air on an hourly basis. The hourly time series data exhibit seasonality, with the levels of pollutants showing patterns that vary over the hours in the day. On July 15, 16, and 17, the following levels of nitrogen dioxide were observed for the 12 hours from 6:00 A.M. to 6:00 P.M. Click on the datafile logo to reference the...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From...
Sign In INNOVATION Deep Change: How Operational Innovation Can Transform Your Company by Michael Hammer From the April 2004 Issue Save Share 8.95 In 1991, Progressive Insurance, an automobile insurer based in Mayfield Village, Ohio, had approximately $1.3 billion in sales. By 2002, that figure had grown to $9.5 billion. What fashionable strategies did Progressive employ to achieve sevenfold growth in just over a decade? Was it positioned in a high-growth industry? Hardly. Auto insurance is a mature, 100-year-old industry...