A sample of 300 orders for take-out food at a local pizzeria found that the average cost of an order was $23 with s-$15. a) Find the margin of error for this result if you want a 95% confidence...


A sample of 300 orders for take-out food at a local pizzeria found that the average cost of an<br>order was $23 with s-$15.<br>a) Find the margin of error for this result if you want a 95% confidence interval for the<br>average cost of an order.<br>Interpret for the management the margin of error.<br>If we need to be 99% confidence, does the margin of error become larger or smaller?<br>Find the margin of error for a 99% confidence interval.<br>b)<br>c)<br>d)<br>

Extracted text: A sample of 300 orders for take-out food at a local pizzeria found that the average cost of an order was $23 with s-$15. a) Find the margin of error for this result if you want a 95% confidence interval for the average cost of an order. Interpret for the management the margin of error. If we need to be 99% confidence, does the margin of error become larger or smaller? Find the margin of error for a 99% confidence interval. b) c) d)

Jun 01, 2022
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