A sample of 350 orders for take-out food at a local pizzeria found that the average cost of an order was $29 with s=$13.

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A sample of 350 orders for take-out food at a local pizzeria found that the average cost of an order was $29 with s=$13.
(a) Find the margin of error, if we use a 95% confidence interval, for the average cost of an order.
(b) Interpret for management the margin of error.
(c) If we need to be 99% confident, does the confidence interval become wider or narrower?
(d) Find the 99% confidence interval.

 

  • 11 years ago
A sample of 350 orders for take-out food at a local pizzeria found that the average cost of an order was $29 with s=$13.
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