Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Feb 2018 My Price 6.00

costs of lunch

20.     Meal costs. A company is interested in estimating the costs of lunch in their cafeteria. After surveying employees, the staff calculated that a 95% confidence interval for the mean amount of money spent for lunch over a period of six months is ($780, $920). Now the organization is trying to write its report and considering the following interpreta- tions. Comment on each.

 

a)    95% of all employees pay between $780 and $920 for lunch.

 

b)    95% of the sampled employees paid between $780 and

 

$920 for lunch.

 

c)    We’re 95% sure that employees in this sample averaged between $780 and $920 for lunch.

 

d)    95% of all samples of employees will have average lunch costs between $780 and $920.

 

e)    We’re 95% sure that the average amount all employees pay for lunch is between $780 and $920.

 

 

 


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Maurice Tutor
(5)
Status NEW Posted 09 Feb 2018 11:02 PM My Price 6.00

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