A Major Department Store Chain Is Interested in Estimating the Average

question 93

Multiple Choice

A major department store chain is interested in estimating the average amount its credit card customers spent on their first visit to the chain's new store in the mall. Fifteen credit card accounts were randomly sampled and analyzed with the following results: = $50.50 and = 400. A 95% confidence interval for the average amount the credit card customers spent on their first visit to the chain's new store in the mall is:

• A) $50.50$9.09
• B) $50.50$10.12
• C) $50.50$11.00
• D) $50.50$11.08
• E) $50.50$11.79

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Definitions:

Competitor Prices

Refers to the pricing strategies and rates set by companies competing in the same market or industry.

Facial Expression

The movement or position of the face that conveys the emotional state of the individual, including expressions of happiness, sadness, anger, surprise, fear, and disgust.

Messages

Pieces of communication or information conveyed from one person, group, or place to another.

Modern Sales

The contemporary approaches and technologies applied in selling processes, emphasizing personalization, digital tools, and data analytics.