Find the Confidence Interval Specified A)13 to 17 Cars
B)1

question 54

Multiple Choice

Find the confidence interval specified. Assume that the population is normally distributed.
-A random sample of 30 households was selected from a particular neighborhood. The number of cars for each household is shown below. Estimate the mean number of cars per household for the
Population of households in this neighborhood. Give the 95% confidence interval.
$\begin{array} { l l l l l l l l l l } 2 & 0 & 1 & 2 & 3 & 2 & 1 & 0 & 1 & 4 \\1 & 3 & 2 & 0 & 1 & 1 & 2 & 3 & 1 & 2 \\1 & 0 & 3 & 1 & 1 & 2 & 2 & 1 & 0 & 2\end{array}$

• A)1.3 to 1.7 cars
• B)1.1 to 1.9 cars
• C)1 to 2 cars
• D)1.5 to 1.9 cars

---

Definitions:

Complex Task

A task that involves multiple steps, considerations, or skill sets, often requiring significant effort and problem-solving.

Monopolistically Competitive

Describes a market structure in which several or many sellers each produce similar, but slightly differentiated products, and each has some control over price.

Short-run Profits

Earnings calculated over a short period during which at least one of a firm's inputs is fixed, focusing on immediate financial return rather than long-term investments.

Long-run Profits

Profits achieved over a longer period, reflecting the sustainability and effectiveness of a business strategy.