Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. do you want to own your own candy store? wow! with

Do you want to own your own candy store? Wow! With some interest in running your...

80.2K

Verified Solution

Question

Statistics

Do you want to own your own candy store? Wow! With some interestin running your own business and a decent credit rating, you canprobably get a bank loan on startup costs for franchises such asCandy Express, The Fudge Company, Karmel Corn, and Rocky MountainChocolate Factory. Startup costs (in thousands of dollars) for arandom sample of candy stores are given below. Assume that thepopulation of x values has an approximately normal distribution. 95176 134 100 75 94 116 100 85 (a) Use a calculator with mean andsample standard deviation keys to find the sample mean startup costx and sample standard deviation s. (Round your answers to onedecimal place.) x = thousand dollars s = thousand dollars (b) Finda 90% confidence interval for the population average startup costs? for candy store franchises. (Round your answers to one decimalplace.) lower limit thousand dollars upper limit thousanddollars

Answer & Explanation Solved by verified expert
4.2 Ratings (590 Votes)
leave a comment if there isany    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

What are the parts of the nephron and what are the functions in each section?

Advance Math
1.2K views

Show that a graph T is a tree if and only if for every two vertices...

Geometry
1.2K views

HW Complete problems 1 6 below f 1 Find the surface area of the sphere...

Basic Math
1.2K views

A business uses straight-line depreciation to determine the value y of a piece of machinery...

Calculus
1.2K views

Find the exact value of each logarithm without a calculator

Algebra
1.2K views

Solve the equation 9d 27d 18 0 0 2 1 01 1 1 O 2...

Accounting
1.2K views

Passive ActivitiesFor each of the following, state whether the individual might be a real estate...

Accounting
1.2K views

What is a variance or budgeted expected performance and how are variances used? What...

Accounting
1.2K views

What is the primary difference between: accounting for a business combination when the subsidiary is...

Accounting
1.2K views

The following table information represents the financial statements for the Genatron Manufacturing Corporation for the...

Accounting
1.2K views

How much should be invested today to provide $1,800.00 in one year? Assume 10% interest...

Accounting
1.2K views

Mogul Company ships inventory to Ski Outfit in a consignment arrangement. The arrangement specifies that...