Response Question
How much do Americans pay for coffee on average? In a 2015 survey of 105 randomly selected U.S.
adults, the respondents were asked what price they paid for their most recent purchase of coffee.
The sample data had a mean of $3.42 and a standard deviation of $0.75.

Respuesta :

Answer:

The right solution is "3.29, 3.57".

Step-by-step explanation:

Seems that the given problem is incomplete. Below is the attachment of the complete and appropriate query.

The given values are:

Randomly selected adults,

[tex]n = 105[/tex]

Mean,

[tex]\bar{x} = 3.42[/tex]

Standard deviation,

[tex]s = 0.75[/tex]

Now,

At 95% confidence level if given by,

=  [tex]\bar{x} \ \pm \ Z_{\frac{\alpha}{2} }\times \frac{s}{\sqrt{n} }[/tex]

On putting the given values, we get

=  [tex]3.42 \ \pm \ Z_{\frac{0.05}{2} }\times \frac{0.75}{\sqrt{105} }[/tex]

=  [tex]3.42 \ \pm \ 1.96\times 0.073[/tex]

=  [tex]3.42 \ \pm \ 0.143[/tex]

=  [tex]3.29, 3.57[/tex]

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