The average total dollar purchase at a convenience store is less than that at a supermarket. Despite smaller-ticket purchases, convenience stores can still be profitable because of the operation, volume of business, and the markup. A researcher is interested in estimating the average purchase amount for convenience stores in suburban Long Island. To do so, she randomly sampled 24 purchases from several convenience stores in suburban Long Island and tabulated the amounts to the nearest dollar (shown below). $2 $11 $8 $7 $3 $9 $7 $3 $2 $5 $4 $4 $1 $2 $3 $1 $10 $8 $8 $14 $7 $6 $6 $4 Assume that the population standard deviation is 3.23 and the population is normally distributed. Using the above data, a 90% confidence interval for the population average amount of purchases is 4.54 to 6.71 4.495 to 6.76 4.44 to 6.81 4.49 to 6.76

The average total dollar purchase at a convenience store is less than that at a supermarket. Despite smaller-ticket purchases, convenience stores can still be profitable because of the operation, volume of business, and the markup. A researcher is interested in estimating the average purchase amount for convenience stores in suburban Long Island. To do so, she randomly sampled 24 purchases from several convenience stores in suburban Long Island and tabulated the amounts to the nearest dollar (shown below). $2 $11 $8 $7 $3 $9 $7 $3 $2 $5 $4 $4 $1 $2 $3 $1 $10 $8 $8 $14 $7 $6 $6 $4 Assume that the population standard deviation is 3.23 and the population is normally distributed. Using the above data, a 90% confidence interval for the population average amount of purchases is 4.54 to 6.71 4.495 to 6.76 4.44 to 6.81 4.49 to 6.76

Name: The average total dollar purchase at a convenience store is less than
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: The average total dollar purchase at a convenience store is less than that at a supermarket. Despite smaller-ticket purchases, convenience stores can still be profitable because of the size ofoperation, volume of business, and the markup. A research