In an Examination of Holiday Spending (Known to Be Normally

question 60

Multiple Choice

In an examination of holiday spending (known to be normally distributed) of a sample of 16 holiday shoppers at a local mall,an average of $54 was spent per hour of shopping.Based on the current sample,the standard deviation is equal to $21.Find a 90% confidence interval for the population mean level of spending per hour.

• A) [$44.8335,$63.1665]
• B) [$44.7967,$63.2033]
• C) [$45.3637,$62.6363]
• D) [$46,9597,$61.0403]

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Definitions:

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Providing fulfillment or pleasure; meeting the needs or expectations of someone or something.

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The final stage of the human life span, characterized by retirement, increasing health issues, and reflection on life accomplishments.