Sam is the manager of a used clothing store. He wants to estimate the average amount a customer spends per visit. A random sample of 70 customers’ receipts gave a mean of = $7.10 with a standard...


Sam is the manager of a used clothing store.  He wants to estimate the average amount a customer spends per visit.  A random sample of 70 customers’ receipts gave a mean of = $7.10 with a standard deviation s = $2.30.  Find a 99% confidence interval for the average amount spent by all customers. Interpret your findings.



Jun 10, 2022
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