Find the margin of error to estimate the mean

Reference no: EM13123801

In an effort to estimate the mean amount spent per customer for dinner at a major Atlanta restaurant, data were collected for a sample of 49 customers. Assume a population standard deviation of $5.

a. At 95% confidence, what is the margin of error (to 1 decimal)?

b. If the sample mean is $24.80, what is the 95% confidence interval for the population mean (to 1 decimal)?

Reference no: EM13123801

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