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The Average American Sees 3

question 39

Essay

The average American sees 3.9 movies at the theater each year. A curious student polls 30 friends and family over the course of a week. He finds that his friends have seen an average of 4.5 movies with a standard deviation of 1.2 movies.
-Find and interpret a 95% confidence interval for this sample.


Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Mortgage Note Payable

A long-term liability document that spells out the terms under which a borrower agrees to repay a sum of money to a lender, typically secured by real estate.

Loan Principal

The amount of money that is borrowed and must be repaid, excluding any interest or additional fees.

Corporate Bond Interest

The income investors receive as payment for lending money by purchasing bonds issued by a corporation.

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