Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. For a random sample of...


Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. For a random sample of 42 weekdays,<br>the fees collected each weekday averaged $133, with standard deviation of $16. Complete parts a through e below.<br>a) What assumptions must you make in order to use these statistics for inference?<br>Select all that apply.<br>O A. The data are a random sample of all weekdays.<br>O B. The distribution is unimodal and symmetric with no outliers.<br>O C. The data values should be dependent.<br>O D. The sample size is at least 10% of the population.<br>b) Find a 90% confidence interval for the mean income this parking garage will generate for each weekday.<br>The 90% confidence interval for the mean income the parking garage will generate for each weekday is ($S ).<br>(Round to two decimal places as needed. Use ascending order.)<br>c) Interpret this confidence interval in context<br>Select the correct choice below.<br>Help me solve this<br>View an example<br>Ask my instructor<br>Next<br>526 PM<br>P Type here to search<br>82°F<br>4/11/2022<br>hp<br>prt sc<br>delete<br>insert<br>t9 144<br>Tho<br>+<br>15 2<br>10<br>s<br>米<br>IOI<br>home<br>backspace<br>esc<br>&<br>8.<br>6.<br>$4<br>4<br>@<br>#<br>6.<br>3<br>1<br>Y<br>U<br>

Extracted text: Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. For a random sample of 42 weekdays, the fees collected each weekday averaged $133, with standard deviation of $16. Complete parts a through e below. a) What assumptions must you make in order to use these statistics for inference? Select all that apply. O A. The data are a random sample of all weekdays. O B. The distribution is unimodal and symmetric with no outliers. O C. The data values should be dependent. O D. The sample size is at least 10% of the population. b) Find a 90% confidence interval for the mean income this parking garage will generate for each weekday. The 90% confidence interval for the mean income the parking garage will generate for each weekday is ($S ). (Round to two decimal places as needed. Use ascending order.) c) Interpret this confidence interval in context Select the correct choice below. Help me solve this View an example Ask my instructor Next 526 PM P Type here to search 82°F 4/11/2022 hp prt sc delete insert t9 144 Tho + 15 2 10 s 米 IOI home backspace esc & 8. 6. $4 4 @ # 6. 3 1 Y U
Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. For a random sample of 42 weekdays,<br>the fees collected each weekday averaged $133, with standard deviation of $16. Complete parts a through e below.<br>c) Interpret this confidence interval in context.<br>Select the correct choice below.<br>O A. There is 90% confidence that the daily income for a weekday falls in the interval.<br>O B. There is 90% confidence that the interval contains the mean income for each weekday.<br>O C. There is 90% confidence that the mean income for each weekday will always fall in the interval.<br>O D. There is 90% confidence that the daily income for all weekdays falls in the interval.<br>d) Explain what

Extracted text: Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. For a random sample of 42 weekdays, the fees collected each weekday averaged $133, with standard deviation of $16. Complete parts a through e below. c) Interpret this confidence interval in context. Select the correct choice below. O A. There is 90% confidence that the daily income for a weekday falls in the interval. O B. There is 90% confidence that the interval contains the mean income for each weekday. O C. There is 90% confidence that the mean income for each weekday will always fall in the interval. O D. There is 90% confidence that the daily income for all weekdays falls in the interval. d) Explain what "90% confidence" means in this context. Select the correct choice below. O A. 90% of all weekdays sampled have daily incomes that fall in the interval. O B. 90% of all samples of size 42 have a mean income for each weekday that is in the interval. O C. 90% of all weekdays have daily incomes that fall in the interval. Help me solve this View an example Ask my instructor Next P Type here to search 82°F 5:27 PM 4/11/2022 24 insert prt sc ts 144 12 esc & %$4 4 @ %23 6. 7 8. 6. backspace 3' R Y tab Q K pause
Jun 02, 2022
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