Statistics Solutions

(Step-by-Step) (10) The management of a local restaurant wants to estimate the average amount their customers spend at the restaurant to within $0.50, with 95%

Question: (10) The management of a local restaurant wants to estimate the average amount their customers spend at the restaurant to within $0.50, with 95% confidence. What is the minimum sample size required, if the standard deviation is assumed to be $3.50. Assume that the population of restaurant customers is normally distributed.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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