subject
Mathematics, 15.03.2020 04:15 Arealbot

Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 transactions at random, she found that the average amount spent was $
43.25
. She then computed a
95
% confidence interval to be between $
39.61
and $
46.89
.
Which statement gives a valid interpretation of the interval?

The store manager is
95
% confident that the average amount spent by the 36 sampled customers is between $
39.61
and $
46.89
.

The store manager is
95
% confident that the average amount spent by all customers is between $
39.61
and $
46.89
.

There is a
95
% chance that a randomly selected customer will spend between $
39.61
and $
46.89
.

There is a
95
% chance that the mean amount spent by all customers is between $
39.61
and $
46.89
.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:20
James wants to promote his band on the internet. site a offers website hosting for $4.95 per month with a $49.95 startup fee. site b offers website hosting for $9.95 per month with no startup fee. for how many months would james need to keep the website for site a to be a better choice than site b? will mark the
Answers: 1
question
Mathematics, 21.06.2019 18:30
What is the prime factorization of 23 ?me with this question
Answers: 1
question
Mathematics, 21.06.2019 19:30
Needmax recorded the heights of 500 male humans. he found that the heights were normally distributed around a mean of 177 centimeters. which statements about max’s data must be true? a) the median of max’s data is 250 b) more than half of the data points max recorded were 177 centimeters. c) a data point chosen at random is as likely to be above the mean as it is to be below the mean. d) every height within three standard deviations of the mean is equally likely to be chosen if a data point is selected at random.
Answers: 2
question
Mathematics, 21.06.2019 21:30
Two friends are reading books. jimmy reads a book with 21,356 words. his friend bob reads a book with one-and-a-half times as many words. which expression represents the number of words bob reads?
Answers: 3
You know the right answer?
Suppose that a manager is interested in estimating the average amount of money customers spend in he...
Questions
question
Biology, 04.01.2020 22:31
question
Mathematics, 04.01.2020 22:31
question
Mathematics, 04.01.2020 22:31