Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy...


Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population ofx values has an approximately normal distribution.

















9617713393759411610085



(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviations. (Round your answers to four decimal places.)











x = thousand dollars

s =
 thousand dollars


(b) Find a 90% confidence interval for the population average startup costs ? for candy store franchises. (Round your answers to one decimal place.)











lower limit thousand dollars
upper limit thousand dollars



Jun 11, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here