Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  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...

90.2K

Verified Solution

Question

Basic Math

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 normaldistribution.

90 174 133 99 75 94 116 100 85

(a) Use a calculator with mean and sample standard deviationkeys to find the sample mean startup cost x and sample standarddeviation s. (Round your answers to one decimal place.)

x = thousand dollars

s = thousand dollars

(b) Find a 90% confidence interval for the population averagestartup costs ? for candy store franchises. (Round your answers toone decimal place.)

lower limit thousand dollars

upper limit thousand dollars

Answer & Explanation Solved by verified expert
4.0 Ratings (578 Votes)
    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

Accounting
1.2K views

: Use US GAAP.Selected information for Muffin’s Muffins Inc. for2017 is presented below. All...:...

Advance Math
1.2K views

Let x, y be integers, and n be a natural number. Prove that x ^(2n) ?...

General Management
1.2K views

Answer the following question in a composition of 10 to 20 sentences How can a marketer make...

Basic Math
1.2K views

Which is true of a traditional organization but not true of an inclusive organization Decisions...

Calculus
1.2K views

A construction crew has to dig ditches for a set of pipes that must carry...

Accounting
1.2K views

DDF Corporation sold land it had used for parking and storage for 20 years for...

Accounting
1.2K views

Paltoge froductecn Department I actory Gverhead in Me Methed. Handy Leather, inc: broduces three sizes...

Accounting
1.2K views

27. Calculate the leverage ratio given that assets are worth $500 million, and D is...

Accounting
1.2K views

Suppose in its income statement for the year ended June 30, 2025, The Clorox Company...

Accounting
1.2K views

Crane Monograms sells stadium blankets that have been monogrammed with high school and university emblems....

Accounting
1.2K views

In the financial statements, the balance sheet is based on which one of the following...

Finance
1.2K views

A Company shows the following balances on its comparative financial statements: 2021 2020 Inventory $13,000...