Mathematics, 10.04.2020 20:50, student679

It is estimated that the average annual expenditure on restaurants and takeout food is $2,573 per househld in the US. Suppose this estimate is based on a sample of 80 household and that the population standard deviation is $650.

a)What is the 95% confidence interval for the population mean amount spent on restaurants and carryout food?

b)What is the 99% confidence interval for the population mean amount spent on restaurants and carryout food?

c)How do you do this on excel?

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It is estimated that the average annual expenditure on restaurants and takeout food is $2,573 per ho...