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An online store sells flower arrangements for birthdays and other special events. In a review of their production costs, the
online store found the mean wholesale cost of one shipment of vases was ĉ = 54 dollars, with a margin of error of 5
dollars.
Construct a confidence interval for the mean cost (in dollars) for one shipment of vases.

Sagot :

JeanaShuppidn

Answer: A confidence interval for the mean cost (in dollars) for one shipment of vases = (49,59)

Step-by-step explanation:

Confidence interval for mean: Mean ± Margin of error

Given: The  online store found the mean wholesale cost of one shipment of vases was ĉ = 54 dollars, with a margin of error of 5  dollars.

A confidence interval for the mean cost (in dollars) for one shipment of vases

[tex]=(54-5, 54+5)\\\\=(49,59)[/tex]

Hence,  a confidence interval for the mean cost (in dollars) for one shipment of vases = (49,59)

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