Estimating the costs of lunch in cafeteria

Reference no: EM131008878

Meal costs. A company is interested in estimating the costs of lunch in their cafeteria. After surveying employees, the staff calculated that a 95% confidence interval for the mean amount of money spent for lunch over a period of six months is ($780, $920). Now the organization is trying to write its report and considering the following interpreta- tions. Comment on each.

a) 95% of all employees pay between $780 and $920 for lunch.

b) 95% of the sampled employees paid between $780 and $920 for lunch.

c) We're 95% sure that employees in this sample averaged between $780 and $920 for lunch.

d) 95% of all samples of employees will have average lunch costs between $780 and $920.

e) We're 95% sure that the average amount all employees pay for lunch is between $780 and $920.

Reference no: EM131008878

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