Question

In: Statistics and Probability

In this discussion, you will pick any set of data from the textbook or your own...

In this discussion, you will pick any set of data from the textbook or your own data. Conduct a confidence interval analysis.

Explain in the discussion question:

  • Your source of data
  • The lower limit and upper limit
  • How this information might be relevant to a decision maker.

Attach the Excel file containing the data source (but be sure everything we need to know about your executive summary is in the body of the discussion forum, not the attachment).

Solutions

Expert Solution


Whenever the person goes to a restaurant. the 95% of the time he spends minimum $4.60 and maximum $9.39 on food.

Source of data: I have taken random data myself.


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