Math Solutions

[Solution] A restaurant owner is interested in estimating the average amount diners spent on their meals in the restaurant. Twenty one bills were randomly

Question: A restaurant owner is interested in estimating the average amount diners spent on their meals in the restaurant. Twenty one bills were randomly sampled and analyzed with the following results: \[\overline{X}\] = $50 and S = 15. Assuming the distribution of the amount spent on the meals is approximately normal, find a 95% confidence interval for µ. Interpret your answer.

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