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According to the recent survey conducted by Sunny Travel Agency, a married couple spends an average of...

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Question

Statistics

According to the recent survey conducted by Sunny Travel Agency,a married

couple spends an average of $500 per day while on vacation.Suppose a sample of 64 couples

vacationing at the Resort XYZ resulted in a sample mean of $490per day and a sample standard

deviation of $100. Develop a 95% confidence interval estimate ofthe mean amount spent per day by

a couple of couples vacationing at the Resort XYZ.

Answer & Explanation Solved by verified expert
4.2 Ratings (860 Votes)
SolutionNote that Population standard deviationis unknown So we use    See Answer
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