Suppose a fast-food restaurant wishes to estimate average sales volume for a new menu item. The rest
Question: Suppose a fast-food restaurant wishes to estimate average sales volume for a new menu item. The restaurant has analyzed the sales of the item at a similar outlet and observed the following results:
= 500 (mean daily sales)
S = 100 (standard deviation of sample)
n = 25 (sample size)
The restaurant manager wants to know into what range the mean daily sales should fall 95 percent of the time. Perform this calculation.
Price: $2.99
See Solution: The solution file consists of 1 page
Deliverables: Word Document
Deliverables: Word Document