STATISTICAL TECHNIQUES AND TOOLS
CONFIDENCE INTERVALS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A random sample of 100 visitors to a popular theme park spent an average of $142 on the trip with a sample standard deviation of $47.50. Which of the following would be the 98% confidence interval for the mean money spent by all visitors to this theme park?
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($130.77, $153.23)
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($130.96, $153.07)
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($132.69, $151.31)
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($140.88, $143.12)
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Explanation:
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