Mathematics, 06.03.2020 08:03 smithad1115
1. In order to get more female customers, a new clothing store offers free gourmet coffee and pastry to its customers. The average daily revenue over the past five-week period has been $1,080 with a standard deviation of $260. Use this sample information to construct a 95% confidence interval for the average daily revenue. The store manager believes that the coffee and pastry strategy would lead to an average daily revenue of $1,200. Is the manager correct based on the 95% confidence interval?
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1. In order to get more female customers, a new clothing store offers free gourmet coffee and pastry...
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