question archive A random sample of 29 lunch orders at Noodles & Company showed a mean bill of 9
Subject:StatisticsPrice:2.86 Bought9
A random sample of 29 lunch orders at Noodles & Company showed a mean bill of 9.60 with a standard deviation of 5.73.
Find the 95% confidence interval for the mean of all orders
The 95% confidence interval is from to
Given;
x- = $9.60
σ= $5.73
n = 29
At the 95% confidence level the z is;
α = 1 - 95% = 1 - 0.95 = 0.05
α/2= 0.05 / 2 = 0.025
Zα/2=Z0.025= 1.96
The margin error= E=Zα/2*(σ/√n)
= 1.96 * (5.73 /√29)
= 2.0855
At a 95% confidence interval estimate of the population mean is;
x--E<μ<x-<9.60+20855
7.5145<μ<11.6855
(7.5145 to 11.6855)
Step-by-step explanation
Given;
x- = $9.60
σ= $5.73
n = 29
At the 95% confidence level the z is;
α = 1 - 95% = 1 - 0.95 = 0.05
α/2= 0.05 / 2 = 0.025
Zα/2=Z0.025= 1.96
The margin error= E=Zα/2*(σ/√n)
= 1.96 * (5.73 /√29)
= 2.0855
At a 95% confidence interval estimate of the population mean is;
x--E<μ<x-<9.60+20855
7.5145<μ<11.6855
(7.5145 to 11.6855)
The 95% confidence interval is from 7.5145 to 11.6855.