A sample of n = 25 diners at a local restaurant had a mean lunch bill of $16 with a standard deviation of o = $4. We obtain a 95% confidence interval as (14.43, 17.57). Which of the following correctly interprets this interval? • a. 95% of all lunches will cost between $14.43 and $17.57. • b. 95% of the time, the average price for a lunch will be between $14.43 and $17.57. • c.None of the answer options is correct.
A sample of n = 25 diners at a local restaurant had a mean lunch bill of $16 with a standard deviation of o = $4. We obtain a 95% confidence interval as (14.43, 17.57). Which of the following correctly interprets this interval? • a. 95% of all lunches will cost between $14.43 and $17.57. • b. 95% of the time, the average price for a lunch will be between $14.43 and $17.57. • c.None of the answer options is correct.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
Related questions
Question
A sample of n = 25 diners at a local restaurant had a mean lunch bill of $16 with a standard deviation of o = $4. We obtain a 95% confidence interval as (14.43,
17.57). Which of the following correctly interprets this interval?
• a. 95% of all lunches will cost between $14.43 and $17.57.
• b. 95% of the time, the average price for a lunch will be between $14.43 and $17.57.
• c.None of the answer options is correct.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,