Answered

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A random sample of 22 lunch orders at Noodles & Company showed a mean bill of $10.26
with a standard deviation of $5.21. Find the 99 percent confidence interval for the mean bill of
all lunch orders.

Sagot :

fichoh

Answer:

(7.115 ; 13.405)

Explanation:

Given :

Sample size, n = 22

Mean bill, μ = 10.26

Standard deviation, s = 5.21

To obtain the 99% confidence interval for the mean bill of all orders ;

Mean ± margin of error

Margin of Error = Tcritical * s/√n

Tcritical at 99%, df = n-1, 22 - 1 = 21

Tcritical = 2.831

Margin of Error = 2.831 * (5.21/√22) = 3.145

Confidence interval = 10.26 ± 3.145

Lower boundary = 10.26 - 3.145 = 7.115

Upper boundary = 10.26 + 3.145 = 13.405

Confidence interval :

(7.115 ; 13.405)

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