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    The manager of the Inlet Square Mall, just north of Ft. Meye

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    The manager of the Inlet Square Mall, just north of Ft. Meyers, Florida, wants to estimate the mean amount spent per shopping visit by customers. A sample of 20 customers reveals the following amounts spent: (Data in the excel file).

    What is the best estimate of the population mean? Determine a 95 percent confidence interval. Interpret the result, would it be reasonable to conclude that the population mean is $50? What about $60?

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    https://brainmass.com/statistics/confidence-interval/manager-inlet-square-mall-north-meye-173414

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    Solution Summary

    Compute the best estimate of the population mean, compute the 95% confidence interval and test whether $50 and $60 can be the population mean.

    $2.19

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