(15) According to a survey by Runzheimer International, the average cost of a fast food meal (1/4 po


Question: (15) According to a survey by Runzheimer International, the average cost of a fast food meal (1/4 pound cheeseburger, large fries, medium soft drink, excluding taxes) in Seattle is $4.82. Suppose this figure was based on a sample of 27 different establishments and the standard deviation was $0.37. Construct a 95% confidence interval for the population mean cost for all fast food meals. Assume the costs of a fast food meal in Seattle are normally distributed. Using the interval as a guide, is it likely that the population mean is really $4.50? Why or why not?

Price: $2.99
Solution: The solution consists of 1 page
Deliverable: Word Document

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