Question

In: Statistics and Probability

UWW is interested in attracting potential students that are both cash strapped and fond of fast...

UWW is interested in attracting potential students that are both cash strapped and fond of fast food. As a result Willie Warhawk reports in his recruiting materials that the average cost of a complete fast-food meal in Whitewater is $4.82. Suppose this figure was based on a sample of 27 different establishments and the standard deviation was $0.37. Which of the following is the 95% confidence interval for the population mean cost for all fast-food meals in Whitewater.

Group of answer choices

about 4.60≤μ≤5.03

about 4.67≤μ≤4.96

about 4.73≤μ≤4.90

about 4.72≤μ≤4.91

about 4.77≤μ≤4.92

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Solutions

Expert Solution

the 95% confidence interval for the population mean cost for all fast-food meals in Whitewater.

about 4.67≤μ≤4.96

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